SMM March 26 News:
Today, the tungsten market remained deadlocked between upstream and downstream sectors, with downstream procurement primarily driven by rigid demand.
[Quotation Details]
65% Black Tungsten Concentrate: 139,000-140,000 yuan/mt
55% Black Tungsten Concentrate: 137,000-138,000 yuan/mt
APT: 207,000-208,000 yuan/mt
Tungsten Powder: 311-313 yuan/kg
Tungsten Carbide Powder: 306-308 yuan/kg
70% Ferrotungsten: 215,000-217,000 yuan/mt
80% Ferrotungsten: 219,000-221,000 yuan/mt
[Market Dynamics]
Recently, the tungsten raw material market showed a tentative upward trend in quotations, but the actual trading situation was not optimistic. Despite the increase in quotations, high-price transactions were not active, and smelters faced significant difficulties in procurement. Due to the low acceptance of high-priced raw materials by downstream enterprises, the overall trading volume in the market decreased, and trading activity has not significantly improved.
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