China’s Xianglu Tungsten Declined Its Offers for Late September

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China maintain stability on September 27, 2020 due to quiet market trading as a result of holiday atmosphere in the market. 

At present, the market is still in a stalemate as buyers and sellers have different psychological prices for products. The economic situation at home and abroad has diverged. The Chinese economy is expected to drive the recovery of the world economy. However, the epidemic and geopolitical conflicts in various countries have made global economic and trade negotiations more difficult. In addition, the prices of large tungsten companies have slightly reduced, but the adjustment is limited considering production cost. 

On the whole, there are major uncertainties in the tungsten market, including epidemics, environmental protection, exports, new infrastructure needs, etc. The active operation of the merchants has diminished, and they hold rational sentiment. 

In terms of news, China’s Xianglu Tungsten released its offers for the second half of September: 55% black tungsten concentrate was quoted at $12,558.8 per tonne, down $235.3 per tone form the first half of this month; 55% scheelite concentrate was quoted at $12,411.8 per tonne, down $235.3 per tone; APT was quoted at $216.7 per mtu, down $1.8 per mtu from early September.

Prices of tungsten products on September 15, 2020

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Picture of tungsten acid 

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