Mid-Tungsten Online: Substantial recovery in the tungsten concentrate market still awaits positive signals from the demand side or proactive reduction in supply.

Zhongwu Online releases the tungsten market trend on May 20, 2026. The tungsten price continues to decline, as cautious and reduced demand side find it difficult to effectively handle the price pressure from the supply side, leading to a bearish market sentiment overall. However, as prices gradually fall back and bearish forces are released, the market's downside space is narrowing. In the tungsten concentrate market, with the excessive sentiment premium bubble significantly released, panic selling pressure in the market has eased, and price differentials are gradually narrowing. The bottom-fishing mentality is increasing, but substantial recovery still depends on positive signals from the demand side or active reduction in supply. The price of 65% black tungsten concentrate is reported at 430,000 yuan per metric ton, falling 59.1% from its peak, and 6.5% lower than at the beginning of the year. The price of 65% white tungsten concentrate is reported at 429,000 yuan per metric ton, falling 59.1% from its peak, and 6.5% lower than at the beginning of the year.