China Tungsten Price Was Weak As Zhangyuan Tungsten Declined Offers

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week began on Monday November 09, 2020 with the influence of lowered new average tungsten forecast prices from listed companies and associations, a persistently weak overseas market and few deals concluded within the assessed range.

China’s Ganzhou Tungsten’s average tungsten forecast prices for November: 55% black tungsten concentrate price was $12,430.8 per tone, down $338.5 per tone from October; APT price was $215.6 per mtu, down $6.1 per mtu; medium particle tungsten powder price was $30.2 per kilogram, down $0.9 per kilogram. 

Zhangyuan Tungsten’s offers for the first half of November: black tungsten concentrate (WO3≥55%) was quoted at $184.6 per tone, down $184.6 per tone compared with the second half of October; scheelite concentrate (WO3≥55%) was quoted at $12,200.0 per tone, down $184.6 per tone; APT was quoted at $215.6 per mtu, down $3.5 per mtu. 

Xiamen Tungsten quoted APT at $216.4 per mtu for the first half of this month, down $4.3 per mtu from late October. 

Jiangxi Tungsten’s offer for black tungsten concentrate was $12,769.2 per tone, a decrease of $461.5 per tone from last month.

Prices of tungsten products on November 10, 2020

Picture of tungsten powder 

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