China’s Jiangxi Tungsten Lifted its First-half Black Tungsten Concentrate Bid Price

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in the Chinese market remain unchanged in early May when participants expect good for the recovery of economy and monetary easing, but worry about the consumption of downstream. 

China’s Jiangxi Tungsten lifted its first-half black tungsten concentrate bid price to $15,396.8/t, an increase of $79.4/t compared with the second half of April. Market participants are also waiting for bid prices from other key consumers, including Zhangyuan Tungsten and Xianglu Tungsten, in the coming days.

With the end of environmental checks in major tungsten producing areas, the supply of raw materials may increase and more traders consider profit-taking. Therefore, insiders expect that market price is likely to drop slightly. In the view of Chinatungsten Online, the long-term tungsten price will rise steadily considering current political and economic environment in the world.

Prices of tungsten products on May 8, 2021

Picture of tungsten disulfide

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