China’s Xianglu Tungsten Declined Long-term Contract Prices for the First Half of May

Analysis of latest tungsten market from Chinatungsten Online

The tungsten bar and tungsten carbide powder prices continue to keep stable on May 26, 2022, and participants start to show different attitudes toward the market outlook. 

On the one hand, the epidemic and Monkey pox virus have attracted people's attention, and market consumption and transportation are under pressure, resulting in a downturn in the demand side of tungsten products; On the other hand, due to high global inflation expectations, the cost of raw and auxiliary materials is at a high level, and the bottom support of tungsten products remains strong. At the same time, the price decline since April has reduced market risks to some extent. In the short term, the market will tend to stabilize. 

China’s Xianglu Tungsten released its long-term contract prices for the first half of May: 55% black tungsten concentrate price was $16,769.2/ton, down $384.6/ton; 55% scheelite concentrate price was $16,615.4/ton, down $384.6/ton; APT price was $295.5/mtu, down $5.2/mtu compared with the first half of this month.

Prices of tungsten products on May 27, 2022

Picture of tungsten ore 

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