China’s Zhangyuan Tungsten Raised Long-term Contract Prices for Late October

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are in the upward trend at the end of October owing to tightening availability of raw materials and high production costs. 

With the increase in global inflation risks, the continuation of the logistics crisis, and the advancement of the goal of carbon neutrality, the market’s pressure on the cost of raw materials and auxiliary materials dominated by factors such as environmental protection and power curtailment is still severe. In response to the market sentiment, traders are hoping that the tungsten market will maintain a steady upward trend, but the demand side momentum needs to follow up.

Zhangyuan Tungsten released its long-term contract prices for the second half of October: black tungsten concentrate (WO3≥55%) price was $17,460.3/ton, an increase of $238.1/ton compared with early this month; scheelite concentrate (WO3≥55%) price was $17,222.1/ton, an increase of $238.1/ton; APT price was $308.5/mtu, an increase of $8.4/mtu compared with the first half of October. 

Jiangxi Tungsten quoted high-grade wolframite concentrate at $17,936.5/ton, up $317.5/ton from the first half of this month.

Prices of tungsten products on October 22, 2021

Picture of tungsten ore 

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