Tungsten prices show a temporary stable trend, and the market for scrap tungsten is fluctuating.

According to the news from "Chinatungsten Online", the price of tungsten is showing a temporary stable trend. With New Year's Day approaching, financial pressure is gradually increasing, leading to a reduction in market trading activities. In this context, suppliers' profit-taking sentiment is on the rise, with panic fluctuations appearing in the scrap tungsten market first, while the raw material market is mostly adopting a wait-and-see attitude. Intermediate traders and downstream users are hesitant, both worrying about the continued high cost of raw materials and fearing becoming buyers at high prices, therefore cautious risk aversion sentiment prevails. In the tungsten concentrate market, holders' bullish expectations remain firm, despite some profit-taking activities in certain areas, prices have not eased, and the overall market remains stable. The price of 65% black tungsten concentrate is reported at 462,000 yuan per metric ton, up 223.1% from the beginning of the year; the price of 65% white tungsten concentrate is reported at 461,000 yuan per metric ton, up 224.7% from the beginning of the year. In the tungsten scrap market, the spreading panic sentiment triggered by profit-taking is gradually expanding, with some recyclers starting to lower prices or suspend purchases, leading to some disorder in the market order. The price of tungsten scrap bars is reported at 650 yuan per kilogram, up 195.5% from the beginning of the year; the price of tungsten scrap drill bits is reported at 620 yuan per kilogram, up 171.9% from the beginning of the year.