Zhangyuan Tungsten’s Weak Tungsten Guide Prices for November

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its fist offer for APT in November at $178.2/mtu, unchanged from the second half of October.

Zhangyuan Tungsten’s new offers for earlier this month are as followings: wolframite concentrate was quoted at $15,384.6/t; down $153.8/t from last month; scheelite concentrate was quoted at $15,153.8/t, down $153.8/t; APT was quoted at $278.2/mtu, unchanged from last month. 

The new tungsten guide prices are weak, which is line in with the current market. But that also weakens market confidence to some extent. Purchasers raise willing in forcing prices down in the weakening market. Under the environmental protection, the supply side is supported, but some traders try to move their sources. 

Downstream factories try to cut tungsten concentrate prices. Although manufacturers have willing in sales, the price range is limited. Affected by increase in supply, tungsten raw material prices decline slightly to hover around $15,384.6/t. rare transactions are concluded.

Prices of tungsten products on Nov. 07, 2018

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