China’s Xianglu Tungsten Raised Bid Prices for the First Half of December

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price increases slightly on the whole in the first trading day on December 13, 2021 with the strong support of cost. At the end of the year, the market tends to stabilize considering capital shortage, limited supply and continued weakness in the demand side. 

Meanwhile, the new bid prices released by state-owned companies were raised, which boosted market confidence to some extent. China’s Xianglu Tungsten’s offers for this first half of December: 55% black tungsten concentrate was quoted at $17,015.9/ton, up $269.7/ton compared with the second half of last month; 55% scheelite concentrate was quoted at $16,857.1/ton, up $269.8/ton; APT was quoted at $298.3/mtu, up $5.0/mtu compared with the second half of November. 

At present, most traders in the tungsten concentrate market are not willing to sell as they are optimistic about the outlook given firm cost and tight supply. However, the APT market is weak both at supply and demand, and smelting factories is worrying about the risk of price inversion. For the tungsten powder market, it is mainly stable with rare deals concluded in the market.

Prices of tungsten products on December 14, 2021

China tungsten price image

Picture of tungsten ore 

tungsten ore image

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