Tungsten concentrate prices remain stable, annual mining indicators have been set.

On Monday, the tungsten market operated steadily as both supply and demand sides remained in a deadlock, with light trading in the spot market. Prices continued to fluctuate within a narrow range, and participants exhibited a strong wait-and-see sentiment, focusing on the long-term procurement price trends of various tungsten companies in the latter half of the month. The tungsten concentrate market remained relatively stable, with holders showing a strong willingness to support prices. Additionally, multiple factors including recent high temperatures, heavy rainfall in the south, and wind and flood prevention controls in certain regions have disrupted the supply side, making the pace of resource release overall manageable and providing some support for prices. In the smelting sector, pressure was evident as some smelting plants chose to reduce production or temporarily halt operations due to dual pressures from high costs and weak downstream demand, resulting in a continued stalemate in the market. Powder metallurgy enterprises maintained a cautious procurement stance, essentially adhering to basic demand rhythms, leading to lukewarm trading activity and intensifying the market's wait-and-see atmosphere. The tungsten market is still awaiting substantial signs of recovery in downstream terminal demand or other directional news. Currently, the range of tungsten price fluctuations remains limited, with stability as the main focus.