China’s Xianglu Tungsten Declined APT Price for Late November

Details: Category: Tungsten's News; Published on Friday, 27 November 2020 18:36

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable on November 26, 2020 as the market is in a stalemate. Upstream suppliers are reluctant to sell their products at low prices while downstream buyers are not active in trading.

China’s Xianglu Tungsten Released its offers for the second half of November: 55% black tungsten concentrate price was $12,692.3 per tone, up $30.8 per tone compared with the first half of this month; 55% scheelite concentrate price was $12,538.5 per tone, up $30.8 per tone; APT price was $218.2 per mtu, down $1.2 per mtu.

Strength in the domestic market and a stronger yuan boost the Chinese ammonium paratungstate export price. The domestic APT spot price inches up to $220.8 per mtu but no deals reported. The tungsten powder market is supported by high raw material prices, but continued weakness in the demand side weakens market confidence.

Prices of tungsten products on November 27, 2020

APT price image