Zhongwu Online: Tungsten price is soaring without limit

On August 28th, Jinshi Data learned that the tungsten price continued to rise due to limited liquidity in the market. Optimistic expectations from sellers and market support operations pushed the market trend upward. However, buyers were concerned about high prices and relatively weak demand, which increased the sustainability risk of the market. Recently, the overall market trend of the tungsten market has shifted upward, but the actual volume support is limited. It is important to follow market sentiment changes and updates. The price of 65% black tungsten concentrate is reported at 141,000 yuan/ton, and suppliers hold a tight view on price due to limited resources and cautious buyers, resulting in less actual trading activity in the market. The price of ammonium paratungstate (APT) is testing the 210,000 yuan/ton level. With strengthening support from cost factors and the approaching traditional peak season, the market sentiment for a rise is relatively positive, and high-volume transactions are expected.