Zhangyuan Tungsten Declined its Long-term Contract Prices for the Second Half of September

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and ferro tungsten prices continue their weakness affected by unstable factors such as energy costs, inflation, COVID-19 and geographical conflicts. 

Meanwhile, China’s state-owned tungsten companies reduced their long-term contract prices for the second half of this month mainly because the market is in a stalemate and the demand seems weak even in the ‘golden September’. 

Zhangyuan Tungsten released its long-term contract prices for the second half of September: black tungsten concentrate (WO3≥55%) price was $17,538.5/ton, down $153.8/ton; scheelite concentrate (WO3≥55%) price was $17,307.7/ton, down $153.8/ton; APT price was $306.0/mtu, down $2.6/mtu compared with the first half of September 2022. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate at $18,000.0/ton, down $153.8/ton compared with the first half of this month.

Prices of tungsten products on Sep. 22, 2022

Picture of tungsten powder

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