I.Tungsten Concentrate Market Continues to Fall

At present, the tungsten concentrate market still maintains a continuous downward trend. The market price of 55 degree tungsten concentrate, including tax, is at the threshold of 127,000 yuan/standard ton. Some regions have even seen lower market prices.

II.The Downward Trend of APT Market Is Difficult to Change

APT's long-term orders from large enterprises in this round have not played a role in supporting the market. The weak raw material prices remain unchanged, and the demand in the bulk cargo market is sluggish. Due to the decline in upstream raw materials and insufficient downstream demand, the downward trend of APT prices is difficult to improve.

III.There Is Not Much Good News in the Tungsten Powder Market

Recently, there has been limited positive news in the powder market. Most enterprise orders have experienced varying degrees of shrinkage, resulting in a slower inventory consumption rate for powder enterprises.

IV.The Overall Tungsten Scrap Market Has Not Fluctuated Much Recently

The overall market for tungsten scrap has not fluctuated significantly in recent days. Various scrap products also experience a price drop. This situation is not very obvious after the new long-term order.

V.The Overall Trading Activity in the Ferrotungsten Market Is Low

The tungsten market as a whole has been in a weak trend due to the influence of raw materials. Some production enterprises have gradually adjusted their corresponding quotations based on costs. The sellers can only continuously compress the quotation.

In summary, the price of tungsten concentrate continues to decline. The combination of industry internal structural adjustments and seasonal factors has resulted in a relative lack of support on the demand side. In this downward cycle, there has been a cautious search for bottom among participants recently.