According to Chinatungsten's online account, on August 12, the domestic tungsten market continued to stagnate in a sideways pattern. Recently, there has been a recovery in trading activity, but large-scale support has not yet been formed, price drivers are insufficient, transactions are still mainly based on negotiations, and the overall situation is carried out as needed. In the tungsten concentrate market, miners are more willing to raise prices, and it is difficult to find low-price supplies on the market. The price of 55% or more grade tungsten concentrate is stable above 410,000 yuan/standard ton, and market liquidity is relatively limited. In the ammonium paratungstate market, the focus of transactions continues to stagnate near the 600,000 yuan/ton mark due to the intertwining of cost support and demand pressure. In the tungsten powder market, buyers and sellers maintain a wait-and-see trend. Market orders have increased, but the bargaining level is still under pressure. The focus of tungsten powder trading is around 950 yuan/kg, and the price of tungsten carbide powder is around 880 yuan/kg. In the ferrotungsten market, against the backdrop of an upstream and downstream stalemate in the industrial chain, trading initiative was insufficient, and the market remained sideways. The price of 70 tungsten iron remained stable at around 660,000 yuan/ton for the time being. In the tungsten scrap market, suppliers are reluctant to increase sales, but acceptance by consumers and recyclers is limited, and the market is in a dilemma, and the market fluctuates in a narrow range.

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