China’s Zhangyuan Tungsten Raised Long-term Contract Prices for the First half of February 2024

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has generally shown a stable upward trend in the week ended on Friday, February 2, 2024, with the main driving force coming from a positive sentiment in holding and anticipating a rise in tungsten raw materials. A new round of quotations from large tungsten enterprises continues to boost the confidence of market participants.

As the tungsten industry and related industries, including logistics, enter the holiday period after this week, the market trade has slowed down due to the festive atmosphere and reduced downstream stocking. Transactions are gradually decreasing, awaiting post-holiday news, the effectiveness of economic recovery measures, and the actual supply and demand dynamics of cemented carbide, all of which are worth observing.

According to information from Chinatungsten Online, in the first half of February 2024, Zhangyuan Tungsten's long-term contract prices (including 13% value-added tax) are as follows: Black tungsten concentrate (WO3≥55%) is priced at $17,357.1/ton, an increase of $71.4/ton compared to the second half of January; scheelite concentrate (WO3 ≥ 55%) is priced at $17,142.9/ton, an increase of $71.4/ton; ammonium paratungstate (APT, national standard, zero-grade) is priced at $293.0/mtu, an increase of $0.8/mtu compared to the second half of January.

Prices of tungsten products on February 5, 2024

Picture of pure tungsten electrode 

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