On Monday, the tungsten market operated steadily, and cost support coexisted with wait-and-see demand. The raw materials side mostly supports the market, and the willingness to ship at low prices is weak. The demand side carefully waits for the evolution of the cost side, and transactions are mainly based on immediate demand and negotiations. Overall trading activity in the tungsten market is limited, pending further clarification on the direction. Suppliers at the tungsten ore end maintain optimistic pricing. The price of more than 55% of tungsten concentrate is around 350,000 yuan/standard ton, showing the mentality of hesitating to sell at low prices. Buyers' purchases are still being carried out as needed, and the actual volume of transactions in the market is limited.

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