China’s Xianglu Tungsten Declined Its Long-term Contract Prices for the Second Half of April

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market are weak on April 26, 2022. On the one hand, the market supply and demand fundamentals are weak as the epidemic has affected the raw material consumption at the cemented carbide end to a certain extent. Buyers are not willing to take the initiative to receive goods and constrained logistics capacity further affects the market's trading activity.

On the other hand, due to the recent volatility of the stock market, the stock price and market value data of listed companies in the domestic tungsten industry recorded by Chinatungsten Online on the 20th have continued to fall, and the negative news of the external environment further to reduce the risk appetite of market participants. The recent trend of the tungsten market is under pressure.

Xianglu Tungsten released its new long-term contract prices for the second half of April: 55% black tungsten concentrate was quoted at $18,871.0/ton, down $483.9/ton; 55% scheelite concentrate was quoted at $18,709.7/ton, down $483.9/ton; APT was quoted at $328.0/mtu, down $9.1/mtu compared with the first half of April.

Prices of tungsten products on April 27, 2022

Picture of tungsten ore 

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