Long-term Contract Prices for the Second Half of August in China Were Reduced

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price edged lower in the week ended on Friday, August 27, 2021 after a surge since May. In addition, stated-owned companies and listed tungsten companied also reduced their long-term contract prices for the second half of August.

Xiamen Tungsten’s APT bid price was $299.5/mtu for the second half of August, down $3.6/mtu compared from the first half of this month. 

Zhangyuan Tungsten released its long-term contract prices for late August: black tungsten concentrate (WO3≥55%) price was $17,539.7/ton, down $158.7/ton; scheelite concentrate (WO3≥55%) price was $17,301.6/ton, down $158.7/ton; APT price was $301.3/mtu, down $1.8/mtu from the first half of this month. 

High grade black tungsten concentrate was quoted at $18,015.9/ton by Jiangxi Tungsten, unchanged from last time. 

Xianglu Tungsten quoted 55% black tungsten concentrate at $17,460.3/ton, down $238.1/ton; scheelite concentrate was quoted at $17,301.6/ton, down $238.1/ton; APT was quoted at $297.7/mtu, down $5.4/mtu from early August. 

Prices of tungsten products on August 30, 2021

China’s domestic tungsten price image

Picture of tungsten ore 

tungsten ore image

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