China’s Zhangyuan Tungsten Declined its Offers for the Second half of March
- Details
- Category: Tungsten's News
- Published on Wednesday, 24 March 2021 10:25
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market kept weak early in this week owing to deadlocked supply and demand, and the decline in new average tungsten forecast prices for late March weakening market confidence.
In the long run, insiders thought the tungsten market will get supports from the recovery of economy and manufacturing industry, advanced carbon neutrality, monetary easing, pick-up commodity price and increased values of mining resources. However, the short-term market should be aware of risks caused by imbalanced supply and demand, and declined market confidence.
China’s Zhangyuan Tungsten released its offers for the second half of March: black tungsten concentrate (WO3≥55%) price was $14,603.2/t, down $396.8/t compared to the first half of this month; scheelite concentrate (WO3≥55%) price was $14,365.1/ton, down $396.8/t and APT price was $22,222.2/ton, down $793.7/ton from early March.
Prices of tungsten products on March 23, 2021
Picture of tungsten carbide powder
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