Xiamen Tungsten Stabilized its APT Bid Price at $261/mtu for Late June

Details: Category: Tungsten's News; Published on Thursday, 24 June 2021 13:58

Analysis of latest tungsten market from Chinatungsten Online

A new round of guide pries for the second half of June were raised slightly by stated-own tungsten enterprises and associations in China, which shored up market confidence to some extent.

Jiangxi Tungsten’s bid price for high-grade black tungsten concentrate was $15,634.9/t, an increase of $79.4/t compared with the first half of this month; Xiamen Tungsten stabilized its APT bid price at $261/mtu and Zhangyuan Tungsten increased its APT bid price by 79.40.9/mtu.

Now concentrate raw material manufacturers still keep firm in their quotations considering environmental protection policy, mining cost and expectations for demand recovery and inflation. While downstream demand remains weak and the export market has been quiet recently. In the short term, the market may continue to be in a stalemate.

Prices of tungsten products on June 23, 2021

APT bid price image