China’s Xianglu Tungsten Reduced its Bid Prices for the First Half of May

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market continue to maintain stability as the market is in a stalemate with cautious sentiment of participants. At present, most insiders mainly wait for new bid prices for the second half of this month. 

Offers for high-grade ores hover around $15,555.6/ton given tightening availability of spot goods. In the meantime, central enterprises are not willing to purchase raw materials at current level and thus the whole market transactions are limited. The ammonium paratungstate (APT) price stands about $263.7/mtu as smelting factories face pressure of price inversion and have to hold their offers firm. 

China’s Xianglu Tungsten lowered down its bid prices for the first half of May: 55% black tungsten concentrate price was $15,476.2/ton, down $79.4/ton compared with the second half of April; 55% scheelite concentrate price was $15,317.5/ton, down $79.4/ton; APT price was $265.4/mtu, down $0.9/mtu from late April.

Prices of tungsten products on May 18, 2021

Picture of sodium tungstate

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