China Tungsten Says Tungsten Concentrate Prices Volatile, Will Leverage Integrated Chain to Smooth Cycles
China Tungsten and Hightech Materials Co. , Ltd. said on August 25 during an institutional survey that tungsten concentrate prices have fluctuated sharply over the past year due to multiple factors, including supply-demand changes, market sentiment, inventory adjustments, and the macro environment. The company cannot precisely forecast prices but sees a tight supply-demand balance in the medium to long term. It will rely on its integrated industry chain to manage procurement, production, and inventory to mitigate cyclical impacts.
China Tungsten and Hightech Materials Co. , Ltd. said on August 25 during an institutional survey that tungsten concentrate prices have experienced significant fluctuations over the past year, attributing the volatility to a combination of factors, including changes in industry supply and demand, market trading sentiment, upstream and downstream inventory adjustments, and the macroeconomic environment.
The company acknowledged that it cannot make precise forecasts of tungsten prices. However, from a medium- to long-term perspective, tungsten is a strategically scarce resource with strong supply-side constraints, while demand from downstream high-end manufacturing sectors remains supportive. The industry as a whole is expected to maintain a broadly balanced supply-demand dynamic.
To mitigate the impact of cyclical fluctuations on its operations, the company said it will leverage its integrated industry chain layout to optimize raw material procurement, production scheduling, and inventory management.