The tungsten market is in a high-level game phase; attention is on the new round of long-term purchase prices from major tungsten enterprises.

Golden Ten Data reported on March 20 that domestic tungsten prices this week showed a slight downward adjustment followed by a sideways trend, with the market adopting a cautious wait-and-see attitude. Trading sentiment was cautious, and the game between buyers and sellers intensified, with transactions mainly driven by immediate demand. Tight supply remains the main supporting factor for the market, but downstream buyers' reluctance to accept high prices and cautious funding conditions have suppressed actual transactions. Currently, the tungsten market is in a high-level game phase, with prices lacking new directional drivers and strong wait-and-see sentiment prevailing. Recent attention is focused on the new round of long-term procurement prices from major tungsten enterprises, as well as the import and export data of tungsten products for January and February.