October 21 spot commodity gainers and losers ranking: Top performer: Tungsten. According to the October 21 tungsten gainers list, the tungsten spot price rose 4.44% in a single day, climbing from yesterday's 450,000 yuan per ton to the latest price of 470,000 yuan per ton. Tungsten spot price trend as of October 21, 2026: latest price 470,000.0, daily gain +4.44%, one-week change -10.48%, one-month change -22.31%, data date 2026-10-21, tungsten spot price 470,000. Quickly identify the industry beneficiaries. Reasons behind the commodity price increase: Tungsten is a rare strategic metal, positioned at the upstream raw material end from mining and beneficiation to smelting and processing. Public clues could not verify specific unusual news for October 21, 2026, and possible reasons include: First, tight supply: tungsten ore supply elasticity is low, and if mine-side shipments contract, raw material prices are easily supported. Second, expectations of export control impact: tungsten-related items have been included in export controls, and the market is watching changes in supply flows. Third, downstream restocking: if demand for hard alloys, cutting tools and other products recovers, increased purchasing may push up spot quotes. Related stocks and core business points: Abbreviation, P/E (TTM), total market cap, company highlights.
Xiamen Tungsten Co.,Ltd. (ASX: 600549) has a P/E of 13.35 and a total market cap of 8.630 billion yuan. Under the Fujian State-owned Assets Supervision and Administration Commission, it mainly engages in tungsten and molybdenum, rare earths and new energy materials, ranks among the top domestically in ammonium paratungstate and tungsten powder output, leads globally in the penetration rate of fine tungsten wire for photovoltaics, and ranks first domestically in market share of integrated ammonium molybdate and molybdenum powder. Chongyi Zhangyuan Tungsten has a P/E of 16.72 and a total market cap of 2.899 billion yuan. It is one of the domestic enterprises with complete tungsten industry chain production capacity, a national-level manufacturing single champion in tungsten powder, and its tungsten carbide powder output steadily ranks among the top domestically. China Tungsten and Hightech Materials has a P/E of 24.1 and a total market cap of 100.258 billion yuan. Under China Minmetals Group, it is a leading domestic enterprise in hard alloys and tungsten concentrates, and a national-level manufacturing single champion in micro drill bits, CNC tools, hard alloy rods, and deep-well submersible pump parts. Runner-up: Nicotinamide. According to the October 21 nicotinamide gainers list, the nicotinamide spot price rose 4.29% in a single day, climbing from yesterday's 42.67 yuan per kilogram to the latest price of 44.5 yuan per kilogram. Nicotinamide spot price trend as of October 21, 2026: latest price 44.5, daily gain +4.29%, one-week change +13.38%, one-month change +13.38%, data date 2026-10-21, nicotinamide spot price 44.5. Quickly identify the industry beneficiaries. Reasons behind the commodity price increase: Nicotinamide is a derivative of vitamin B3, positioned in the midstream of fine chemicals and upstream of the application end. Existing search results do not provide spot quotes and supply-demand information for October 21, so the reason for this round of increase cannot be confirmed. Possible influencing factors include: First, if upstream raw material prices rise or supply tightens, production costs may be pushed higher; current materials do not confirm this. Second, if manufacturers conduct maintenance and operating rates decline, supply contraction may support prices; plant data verification is needed. Third, restocking by feed, pharmaceutical and cosmetics companies may drive demand; current materials lack order data to corroborate this. Friendly reminder: Commodity price increases do not necessarily mean related stocks will rise in tandem, as individual stocks are also affected by performance, policy, market sentiment and other factors. The above content was compiled by AI and is for reference only, not investment advice.
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