Zhangyuan Tungsten Lowered Offer Levels for the Second Half of November

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China continued the downward trend, with lowered new guide prices pressing the market and capital pressure of enterprises at the end of this year. Sellers’ rised mentality is without supports and actual transaction prices are also dragged down. 

Zhangyuan Tungsten released its offer levels for the second half of November: wolframite concentrate was quoted at $15,307.7 per ton, down $76.9 per ton; scheelite concentrate was quoted at $15,076.9 per ton, down $76.9 per ton; APT was quoted at $272.9 per mtu, down $5.2 per mtu. 

In the tungsten concentrate market, production is limited under environmental checks, but the benefits fail to meet market expectations. The supply and demand sides are not in line with one level and market trading is thin. Tungsten concentrate prices adjust below $15,384.6 per ton. 

APT price is dragged down by weak demand, capital pressure and lowered new guide prices. Tungsten powder prices also declined below $38.5 per kilogram due to the weak market.

Prices of tungsten products on Nov. 22, 2018

Picture of tungsten powder 

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