China’s Zhangyuan Tungsten Declined Black Tungsten Concentrate Offer in Late March

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in China continue to maintain stability in late March owing to low buying appetite of buyers and strong rised mentality of suppliers. 

With the popularity of vaccine, recovery of manufacturing at home and abroad, and good expectation for carbon neutrality, the demand is expected to rebound in the long run, which may drive the price up. 

Tungsten concentrate suppliers have the willingness to take profit, but actual price decline is limited. Therefore, buyers mainly purchase the products based on actual needs and market trading is concluded limitedly. China’s Zhangyuan Tungsten dropped 55% black tungsten concentrate offer to $14,603.2/t. 

The APT market is caught in wait-and-see atmosphere. Affected by decreased grade of concentrates and stricter environmental protection, the cost increase, but smelting factories keep cautious to avoid risk of price inversion considering the instability in COVID-19 and trading environment. The APT price hovers around $254.7/mtu.

Prices of tungsten products on March 25, 2021

Picture of tungsten granule 

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