The present invention provides a thermoplastic resin composition having a high specific gravity, flexibility and excellent processability that can be used as a material for forming various articles requiring both massiveness and flexibility. This thermoplastic resin composition contains 2.5 to 15 wt % of a styrene-based thermoplastic elastomer and 85 to 97.5 wt % of tungsten powder, and an molded article is obtained by melting and kneading this thermoplastic resin composition. This article can be used preferably as a balance weight attached to a wheel of an automobile, sports goods or the like.