Xianglu Tungsten Increased APT Price to $307.6/mtu for Early October

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices maintain stability on Oct. 12, 2021 with rare new deals concluded in the market. Thanks to the support of inflation pressure and cost under the background of energy shortages, traders are reluctant to sell at a low price and hope to increase offers. In the short term, the market is expected to continue its stability.

China’s Xianglu Tungsten released its long-term contract prices for the first half of October: 55% black tungsten concentrate price was $17,460.3/ton, u $476.2/ton; 55% scheelite concentrate price was $17,301.6/ton, up $476.2/ton; APT price was $307.6/mtu, up $15.2/mtu compared with the second half of September. 

The global power crisis is becoming increasingly severe. China’s domestic floods in Shanxi and Shaanxi further aggravate the difficulty of coal supply. The soaring energy cost affects the pressure on the supply of raw materials. At the same time, the increase in oil demand in winter indirectly pushes up the cost of logistics and transportation. The industry predicts that raw and auxiliary materials for tungsten products may remain tight during the winter.

Prices of tungsten products on October 13, 2021

Picture of tungsten ore 

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