China’s Zhangyuan Tungsten Raised Long-term Contract Prices for the Second Half of August

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintained a stable trend. In terms of supply and demand, the recent high temperature and rainy weather in many places has led to a decrease in the supply of raw materials in the market and an increase in costs. 

However, at the same time, the release of downstream demand is still in the off-season cycle, and market buyers and sellers continue to stalemate. Macroscopically, domestic economic stabilization measures will gradually restore market demand, but overseas inflationary pressure is significant, affecting the overall consumption momentum. The release of high-level transactions in the tungsten market is limited.

In terms of news, two listed tungsten companies in Jiangxi announced their long-term contract prices over the weekend and raised them as expected, which will support market sentiment.

Zhangyuan Tungsten’s long-term contract prices for the second half of August: black tungsten concentrate (WO3≥55%) price was $18,000.00/ton, up $615.4/ton; scheelite concentrate (WO3≥55%) price was $17,769.2/ton, up $615.4/ton; APT price was $309.4/mtu, up $6.1/mtu compared with the first half of August. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate at $18,461.5/ton, up $846.2/ton compared with the first half of this month.

Prices of tungsten products on August 23, 2022

Picture of tungsten needle 

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