China’s Xianglu Tungsten Lowered Down its Bid Prices for Early November

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten power prices continue to remain stable on November 11, 2021 because domestic market is still in a stalemate and overseas markets are quiet as well. 

The supply and demand side is controlled by environmental safety requirements and mining quotas. Regarding the demand side, it is suppressed by repeated epidemics and transportation congestion; the cost side has been slightly adjusted due to the alleviation of energy supply problems, but it is difficult to return to the previous low level in cold winter. Now the market keeps affecting from instabilities of global inflation and emergencies fluctuate. In the short term, due to the weak demand, traders' sentiment is slightly depressed.

China’s Xianglu Tungsten released its bid prices for the first half of November: 55% black tungsten concentrate was quoted at $17,730.2/ton, down $349.2/ton compared with the second half of October; 55% scheelite concentrate was quoted at $17,222.2/ton, down $349.2/ton; APT was quoted at $305.8/mtu, down $7.5/mtu from late last month.

Prices of tungsten products on November 12, 2021

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Picture of tungsten ore 

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