China’s Zhanyuan Tungsten Reduced Average Tungsten Forecast Prices for Late October

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China continue to be weak in late October when tungsten association lowers down the average tungsten forecast prices, which are line with current market trend. At present, most insiders keep cautious and will not active in trading in the short term. 

China’s Zhanyuan Tungsten released its new offers for the second half of October: black tungsten concentrate (WO3≥55%) was quoted at $12,615.4 per tone, down $153.8 per tone from the first half of this month; scheelite concentrate (WO3≥55%) was quoted at $12,384.6 per tone, down $153.8 per tone; APT was quoted at $219 per mtu, down $2.6 per mtu. 

Xiamen Tungsten’s quotation for the second half of this month for APT stood at $220.8 per mtu, down $153.8 per tone from the first half of this month.

Prices of tungsten products on October 22, 2020

Picture of tungsten powder 

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