Economic Observation Network According to China Tungsten Online, since the second half of July 2026, the Chinese tungsten market has gradually emerged from the volatile range of the first half of the year and entered a relatively stable consolidation stage. In August, the overall trend continued, with tungsten prices mainly operating around the cost line and long-term support, and the fluctuation range significantly narrowed. The market sentiment remains cautious and rational, with spot transactions mainly driven by essential needs, and weak speculation and hoarding intentions. Participants generally pay more attention to fundamental data verification, and the subsequent trend will mainly depend on the actual fulfillment of traditional peak season demand. In the short term, tungsten prices are likely to continue to fluctuate weakly within the range, with cost support and strategic resource attribute premiums at the bottom, and real transactions and demand data verification are needed for an upward trend. Entering September, the market will focus on the actual consumption performance and the direction of a new round of long order pricing. The balance between the rigid characteristics of the supply side and the import increment, as well as the actual transformation progress of emerging demand, will also affect the price trend. (People's Financial News)