China’s Zhangyuan Tungsten Offered Higher Price for Tungsten Concentrate

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained stable in the week ended on Friday August 21, 2020 due to quiet market trading. The whole market was in a stalemate affected by the continued spread in foreign countries, trade conflicts and geopolitical conflicts. The new forecast prices for late August also released signals of stability. 

China’s Zhangyuan Tungsten expected the price for black tungsten concentrate, basis 55% WO3, in China’s domestic market to average $12,058.8/t, an increase of $147.0/t from the first half of this month. scheelite concentrate, basis 55% WO3, was quoted at $11,838.2/t, an increase of $147.0/t; APT price was $209.4/mtu, up $0.8/mtu. 

Affected by the epidemic, the real GDP of 24 major countries around the world reduced by 9.1% year-on-year in the second quarter, a decline close to 3.5 times that of the Lehman crisis. These countries account for two-thirds of the world's total GDP. Among them, only China has achieved positive growth, with a growth rate of about 3.2%.

Prices of tungsten products on Aug. 24, 2020

Picture of tungsten trioxide 

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