China Tungsten Price Shows Signs of Rise in the Middle of May

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price shows signs of rise in the middle of May supported by high production cost and strong rised mentality of raw material side, but market transactions need to be followed up. Now the capital shortage and weak demand from the international market due to the COVID-19 would press the market. 

Although new guide prices from tungsten institutions and listed companies were raised slightly, the adjustment is limited. But the rise also has given the market some support and encouraged traders to purchase. With the improving situation of coranavirus, recovering economy and increasing demand from infrastructure, the market is expected to stabilize in the short term. 

China's Xianglu Tungsten released its offers for the first half of May: wolframite concentrate was quoted at $11,470.60/t, up $588.2/t from the second half of April; scheelite concentrate was quoted at $11,323.5/t, up $588.2/t; APT was quoted at $199.4/mtu, up $5.0/mtu compared with late April.

Prices of tungsten products on May 13, 2020

China tungsten price image

Picture of tungsten acid 

tungsten acid image

Follow our WeChat to know the latest tungsten price, information and market analysis.