Zhangyuan Tungsten’s Higher Bid Prices for 1H May May Boost Market Confidence

Analysis of latest tungsten market from Chinatungsten Online

A new round of tungsten average tungsten forecast price and bid prices for the first half of this month were released by association and listed companies. The higher bid price is expected to shore up market confidence and prompt producers to hold offer prices firm in the short term.

Ganzhou Tungsten Association (GTA) released its average tungsten forecast prices for May: 55% black tungsten concentrate price was $15,079.4/t, up $317.5/t from last month; ammonium paratungstate (APT) price was $260.1/mtu, up $7.2/mtu; medium particle tungsten powder price was $36.5/kg, up $0.8/kg from last month. 

Zhangyuan Tungsten’s bid prices for the first half of May: black tungsten concentrate (WO3≥55%) was quoted at $15,079.4/t; scheelite concentrate  (WO3≥55%) was quoted at $14,841.3/t, unchanged from last time; APT was quoted at $261/mtu, down $0.9/mtu compared with the second half of April. 

Xiamen Tungsten lifted APT bid price for early May to $261/mtu, an increase of $3.6/mtu from late April. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate price at $15,396.8/t, up $79.4/t compared with late April.

Prices of tungsten products on May 10, 2021

Picture of tungsten ore 

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