Zhongtungsten Online released the tungsten market trend for May 20, 2026, indicating that tungsten prices continue to decline. The cautious and reduced demand side is finding it difficult to effectively absorb the selling pressure caused by price cuts from the supply side, leading to a generally bearish market sentiment.
Zhongtungsten Online released the tungsten market trend for May 20, 2026, indicating that tungsten prices continue to decline. The cautious and reduced demand side is finding it difficult to effectively absorb the selling pressure caused by price cuts from the supply side, leading to a generally bearish market sentiment.
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However, as prices continue to gradually correct and bearish forces are released, the market's downside space is narrowing. In the tungsten concentrate market, as the sentiment-driven premium bubble has largely dissipated, panic selling pressure within the market has eased, price spreads are narrowing, and bottoming sentiment is increasing. Nevertheless, a substantive recovery still awaits a positive signal from the demand side or proactive supply reduction. The price of 65% black tungsten concentrate is quoted at 430,000 yuan per standard ton, marking a 59.1% decline from its peak and a 6.5% drop compared to the beginning of the year. The price of 65% white tungsten concentrate is quoted at 429,000 yuan per standard ton, marking a 59.1% decline from its peak and a 6.5% drop compared to the beginning of the year.
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