As the holiday approaches, the tungsten market remains buoyant, with prices across the entire industrial chain repeatedly reaching new highs. As of this report, tungsten concentrate is nearing 550,000 yuan per ton, ammonium paratungstate (APT) has exceeded 800,000 yuan per ton, and tungsten powder has surpassed 1.3 million yuan per ton.

The price surge is primarily driven by supply-side factors, including environmental and safety controls, production restrictions, and strong reluctance among holders to sell. Against a backdrop of global geopolitical uncertainty and accommodative monetary policies, inflation expectations are rising. Tungsten, as a strategic metal, is seeing its financial attributes highlighted, attracting attention from safe-haven funds.

However, the market exhibits a state of "high prices with thin trading." High prices are not effectively transmitting downstream, with end-users mostly purchasing based on immediate needs. Pre-holiday stocking is not significant, and overall market transactions remain limited.

HYW provides complete production equipment for tungsten powder and tungsten carbide powder, including Jet mill, reduction furnaces, carbonization furnaces, and automated lines. Consultations are welcome.