China’s Xianglu Tungsten Raised its Long-term Contract Prices for the Second Half of March

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, the tungsten powder and tungsten bar prices in the Chinese market remain stable with the support of increased long-term contract prices from large companies, APT processing fees, and price increases of cemented carbide products. 

China’s Xianglu Tungsten released its long-term contract prices for the second half of March: 55% black tungsten concentrate price was $19,032.3/ton, up $161.3/ton; 55% scheelite concentrate price was $18,871.0/ton, up $161.3/ton; ammonium paratungstate (APT) price was $333.5/mtu, up $4.6/mtu compared with the first half of March. 

On the macro level, since the beginning of this year, in the face of the complex and severe domestic and international economic situation, various regions and departments in China have stepped up efforts to stabilize growth and support the real economy, the industrial economy has recovered steadily, and corporate profits have increased slightly. Statistics from the Bureau of Statistics show that from January to February 2022, industrial enterprises above designated size across the country achieved a total profit of 1.15756 trillion yuan, a year-on-year increase of 5.0%. At the end of February, the assets of industrial enterprises above designated size totaled 142.24 trillion yuan, a year-on-year increase of 10.4%; their liabilities totaled 80.03 trillion yuan, an increase of 10.2%.

Prices of tungsten products on March 29, 2022

Picture of tungsten ore 

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