China’s Zhangyuan Tungsten Rose its Offer Levels for February

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, china tungsten prices continued to maintain stability from last week. Boosted by the rise in tungsten forecast prices of large companies, tungsten ore prices kept firm, but trading volumes still were at a relatively low level. This week, market participants would focus on inquiry from downstream.

More and more enterprises will come back to work this week, but trading activity remains low. Buyers are cautious to replenishment while sellers are reluctant to sell at low prices. the relationship between supply and demand remains unclear at present. 

Last Friday, Zhangyuan Tungsten released its offer levels for February: wolframite concentrate (WO3≥65%) was quoted at $14,692.3/t, up $76.9/t compared with the second half of January; scheelite concentrate (WO3≥65%) was quoted at $14,461.5/t, up $76.9/t; ammonium paratungstate (APT) was quoted at $260.8/mtu, unchanged from last time.

Prices of tungsten products on Feb. 19, 2019

tungsten concentrate price picture

Picture of tungsten concentrate 

tungsten concentrate picture

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