Last week, domestic tungsten prices continued their upward trend. However, with the hedging of raw material markets and downstream markets, the rally gradually narrowed to stabilize. Some traders took profits and increased their prices with a slight price drop. At present, the supply and demand in the tungsten market continues the stalemate as a whole. After the current price of tungsten concentrates has been pulled up, the mentality of reluctant sellers has become somewhat loosened. Some downstream businesses have increased their inquiries under the "buying up" mentality.
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