Upstream reluctance to sell and price increase, downstream passive follow-up

The tungsten ore market is reluctant to sell at a high price
At present, most tungsten ore market holders adopt a strategy of reluctance to sell, with tight spot supply and downstream demand forced to accept high prices. The consumer side has not shown significant recovery, and the sales of orders are not smooth combined with uncertainty factors in export controls. Downstream buyers are cautious in receiving goods.
The APT market is reluctant to sell at a high price
At present, there are still some inquiries from downstream companies in the APT market, mostly for basic needs. However, many APT companies are afraid to accept high priced inquiries, and back-to-back tungsten mines are difficult to match. They can only purchase at high prices, but the market situation is unclear and they dare not easily chase after high prices. The current APT bulk cargo market quotation is still on the rise, with the bargaining focus around 211000 yuan/ton.
Powder market prices follow up and increase
At present, the tungsten powder market is operating steadily. Due to the continuous rise in raw material market prices, the prices of tungsten powder products have been adjusted upwards according to the market trend. The mainstream bargaining range for medium particle tungsten carbide powder and medium particle tungsten powder has been adjusted to around 307-310 yuan/kg and 312-315 yuan/kg, but downstream demand is difficult to release good demand in the short term after a round of stocking, making it difficult to smoothly undertake the upward trend. Without transaction support, the high price market may face a stalemate again.
Tungsten iron prices are supported by costs
Recently, there has been a slight rebound in tungsten iron prices, mainly due to the increase in raw material prices. Smelters have reported that downstream demand is still acceptable, and the increase in raw material prices is also being transmitted to downstream products. Tungsten iron prices are cautiously following suit.
High level consolidation of waste tungsten market
At present, the tungsten market is deadlocked and moving forward, but the continuous occurrence of high prices still leads to the market completing price adjustments; In terms of waste materials, the quotations for mainstream products in various regions remain firm at high levels, and the overall market circulation is average. Holders of goods continue to be reluctant to sell and raise prices.
Stable operation of international tungsten market
At present, the international tungsten market is operating at a high and stable level. Despite the tight supply of raw material resources, the prices of products in the international tungsten market remain firm. However, due to the insufficient driving force of terminal demand, market participants are engaged in a tug of war in bargaining. As the inventory of raw material holders decreases, the sentiment of reluctance to sell and raise prices becomes increasingly strong. The stalemate between supply and demand is difficult to reverse in the short term, and there has been no new progress in domestic export control. The actual export order volume of unregulated tungsten products is also relatively limited.