China’s Xianglu Tungsten Lifted its Bid Prices for the Second Half of April

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to keep firm in late April despite major tungsten listed companies raised their bid prices. With the approaching of Labour Day holiday and environmental checks coming to an end, participants become more cautious and trading seems tepid. 

China’s Xianglu Tungsten has lifted its bid prices for the second half of April: 55% black tungsten concentrate price was quoted at $15,555.6/ton, up $396.8/ton from the first half of this month; 55% scheelite concentrate price was quoted at $15,396.8/t, up $396.8/ton; ammonium paratungstate (APT) price was quoted at $266.4/mtu, up $6.3/mtu compared with first half of April.

In 2021, China’s GDP growth rate is expected to reach about 8%, according to the report from the Chinese Academy of Social Sciences. At the beginning of this month, the International Monetary Fund (IMF) updated its forecast for world economic growth, predicting that China’s GDP growth rate will be 8.4% this year and 5.6% in 2022, which is slightly higher than the forecast at the beginning of the year.

Prices of tungsten products on April 28, 2021

Picture of tungsten plate 

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