东方财富证券辛泽熙疑似发声：钨粉1000元/公斤，行业巨变即将到来

Core Viewpoint - The tungsten market is experiencing a significant price surge, with tungsten powder prices exceeding 100,000 yuan per ton, indicating a potential industry transformation [3][4][9]. Price Trends - As of December 17, 2025, the prices for various tungsten products are as follows: - Tungsten concentrate (65%) reached 420,000 yuan per ton - Ammonium paratungstate (APT) rose to 620,000 yuan per ton - Tungsten powder surpassed 1,000 yuan per kilogram [4][9]. - The price increases compared to the beginning of the year are substantial: - Tungsten concentrate increased by 193.71% - APT increased by 193.84% - Tungsten powder increased by 216.46% [5][10]. Analyst Background - Xin Zexi, a researcher at Dongfang Caifu Securities, has a history of focusing on cyclical and resource industries, gaining attention for his forward-looking insights [6][11].