The tungsten market is in a high-level game stage, focusing on the new round of large tungsten enterprises' long-term procurement prices.

According to the "China Tungsten Online" official account, this week, domestic tungsten prices overall showed a slight weakening trend followed by a consolidation, with market trading sentiment cautious and both buyers and sellers intensifying their negotiations, with transactions focusing on just-in-time needs. Tight resources remain the main support factor for the market, but downstream reluctance to buy at high prices and cautious funding constraints are inhibiting actual transactions. The current tungsten market is in a high-level bargaining stage, with prices lacking new directional drivers and a strong wait-and-see sentiment. In the near future, attention will be paid to the new round of long-term procurement prices of large tungsten companies, as well as the import and export data of tungsten products in January and February. As of the time of writing, the price of 65% black tungsten concentrate is reported at 102,500 yuan per metric ton, a 2.4% decrease from the previous week, and a 122.8% increase from the beginning of the year. The price of 65% white tungsten concentrate is reported at 102,400 yuan per metric ton, a 2.4% decrease from the previous week, and a 123.1% increase from the beginning of the year.