China's Xianglu Tungsten Declined its Offers for APT in Early March

Details: Category: Tungsten's News; Published on Friday, 13 March 2020 16:14

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten powder and ammonium metatungstate(APT) prices continue to decline owing to sluggish demand and weak market confidence. The new guide prices from listed tungsten companies and associations showed stabilization on the whole, but some companies lowered their offers.

In addition, the international and regional situation has remained complicated and fluid, the global stock markets have plummeted and prices of oil has fallen by nearly 30% to its lowest level in years affected by the spread of Coronavirus, the tungsten industry is still under pressure.

China's Xianglu Tungsten released its offers for the first half of March: wolframite concentrate(WO3≥55%) was quoted at $13,455.9/t, down $220.6/t from the second half of February; scheelite concentrate(WO3≥55%) was quoted at $13,308.8/t, down $220.6/t; APT was quoted at $240.0/mtu, down $2.5/mtu from last time.

Prices of tungsten products on Mar. 12, 2020

APT price image