Monday, March 16, 2026 – Chinese tungsten product prices are sideways with pressure after a sharp rally, entering a self-correction and stress-test phase. Downstream users need more time to absorb high raw material costs; buying has slowed, with transactions limited to restocking for rigid demand. Meanwhile, profit-taking from speculative positions clashes with hold-for-rise expectations, splitting market views and loosening supply–demand balance. Overall, sentiment is shifting from extreme bullishness to rationality, with buying enthusiasm cooling but selling still cautious.
The tungsten scrap market has weakened noticeably. Pressured by “cash-in” sentiment, recycling quotes have moved lower with wide gaps. Buyer–seller price expectations diverge sharply; inquiry activity is up but real trading is thin.
