I. The Tungsten Concentrate Market Is Experiencing an Increase in Competition

At present, the tungsten concentrate market is still weakening, but market feedback has shown that low prices are difficult to purchase, and holders are unwilling to sell at lower prices. Some downstream production enterprises have gradually exhausted their high-priced inventory purchased in the early stage, and their willingness to enter the market for procurement has increased. However, the market situation is in a downward range, and enterprises are mostly cautious in purchasing according to demand.

II. The APT Market Is Still Dominated by Long-term Order Circulation

APT companies currently mainly supply long-term orders, and some of the raw material inventory purchased in the early stages is gradually being depleted. Due to the continued downward trend in tungsten concentrate prices, APT companies will mainly purchase in small quantities for essential needs in the near future. Bulk cargo trade is dominated by the demand side, and the overall bargaining atmosphere is under pressure. APT continues to decline slightly.

III. The wait-and-see sentiment in the Tungsten Powder Market Remains Unchanged

Some downstream powder companies have already consumed their inventory to a certain extent. Due to the current weak situation in the tungsten market, the mentality of buying when prices rise and not buying when prices fall still exists. Some companies are still observing the market, and it is expected that some transactions will occur after the release of long-term order prices in the latter half of the month.

IV.The Scrap Tungsten Market Has Shown a Certain Level of Activity

The scrap market has shown a certain level of activity, with some products experiencing fluctuations after recent price corrections. But currently, the overall market is showing signs of weakness, and we are paying attention to the consumption of related derivatives and backend products in the near future.

V.The Ferrotungsten Market Is in a Weak Consolidation State

On the one hand, the ferrotungsten market is dragged down by the sluggish tungsten raw material market, and on the other hand, due to limited positive support from terminal consumption, many enterprises in the market adopt a market following strategy, and the current market is weak.

In summary: Recently, there has been a lack of positive news. After the release of a new round of long-term order quotations, there has been further feedback on the pressure and sluggish sentiment of tungsten market demand. Market transactions have been sluggish, and buyers are still on the sidelines. Spot circulation is poor, and prices are facing further adjustments.