China’s Zhangyuan Tungsten Raised its Offers for APT for Late December

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain strong with the impact of increased new average tungsten forecast prices for the second half of December. 

In addition, the recent power shortages in major tungsten producing areas such as Hunan and Jiangxi provinces have a certain impact on production costs and delivery time. Many insiders believe that the supply and demand will be weak at the end of the year, and the market is likely to stabilize. At present, the main instability in the market stems from the impact of the international epidemic situation on the economic and trade environment.

China’s Zhangyuan Tungsten released its offers for the second half of December: black tungsten concentrate (WO3≥55%) was quoted at $13,412.7 per ton, up $238.1 per ton from the first half of this month; scheelite concentrate (WO3≥55%) was quoted at $13,174.6 per ton, up $238.1 per ton; APT (ammonium paratungstate) was quoted at $231.4 per mtu, up $4.5 per ton compared with early December. 

Xiamen Tungsten’s offer for APT was $231.4 per mtu for the second half of December, a increase of $4.5 per mtu from the first half of this month. 

Prices of tungsten products on December 22, 2020

Picture of tungsten trioxide 

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