China’s Zhangyuan Tungsten Declined its Bid Prices for Late August

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable on August 23, 2021 due to lukewarm demand and quiet market. Some suppliers are considering profit-taking while most buyers remain cautious. 

The long-term offers of large tungsten companies announced last Friday were stable, but slightly lower for the second half of the month, showing a conservative attitude in the market. On the basis of firm costs, under the background of stable demand and economic expansion by policies such as currency or infrastructure, the industry believes that the market is more likely to continue to explore after a consolidation cycle. 

China’s Zhangyuan Tungsten released its bid prices for the second half of August: black tungsten concentrate (WO3≥55%) was quoted at $17,539.07/ton, down $158.7/ton compared with the first half of this month; scheelite concentrate (WO3≥55%) was quoted at $17,301.6/ton, down $158.7/ton; APT was quoted at $301.3/mtu, down $1.8/mtu from early August. 

Jiangxi Tungsten quoted high grade black tungsten concentrate at $18,015.9/ton, unchanged from early this month.

Prices of tungsten products on August 23, 2021

Picture of tungsten alloy rod 

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