Tungsten prices consolidating at high levels, market takes profits, stocks like Chap Source Tungsten decline consecutively

On March 13, tungsten concept stocks plummeted, with Zhangyuan Tungsten (002378.SZ) falling over 8%, China Tungsten High-tech (000657.SZ) dropping more than 7%, and Xianglu Tungsten (002842.SZ) and Xiamen Tungsten (600549.SH) also declining over 5%. In the past three trading days, these four tungsten stocks have all fallen more than 10%, with Zhangyuan Tungsten experiencing the largest decline of over 16% during this period.

According to data from China Tungsten Online, tungsten prices have experienced their first sideways movement since the 2026 Spring Festival. Due to limited capacity of downstream end-users to absorb the rapid short-term cost increases, market risk aversion has been steadily building, with buyers adopting a wait-and-see attitude and market trading activity decreasing. Meanwhile, the tungsten scrap market has seen some profit-taking by participants who previously accumulated gains, further intensifying market caution.

China Tungsten Online also pointed out that despite this, raw material holders still maintain a long-term bullish outlook based on the scarcity and strategic importance of tungsten resources. Although there is some profit-taking demand within the market, overall willingness to sell at lower prices remains limited. In the current volatile and hesitant market environment, industry chain liquidity is tight, and price competition has increased.