China’s Ganzhou Tungsten Association (GTA) Declined its Average Tungsten Forecast Prices for October

Analysis of latest tungsten market from Chinatungsten Online

The new round of Ganzhou Tungsten Association's average tungsten forecast price and long-term contract prices of large tungsten companies have been lowered down, which discourages market participants. 

Insufficient demand momentum is the main pressure on the current tungsten market. Relevant risk factors include changes in the international geopolitical pattern and repeated COVID-19 outbreaks, which aggravate the risk of stagflation in the world economy and reduce investors' risk appetite. The downstream terminals of the tungsten products industry are generally cautious in receiving goods, and the market is difficult to improve in the short term.

China’s Ganzhou Tungsten Association (GTA) released its average tungsten forecast prices for October: 55% black tungsten concentrate price was $17,000.00/ton, down $692.3/ton; APT price was $299.0/mtu, down $9.6/mtu; medium particle tungsten powder price was $40.8/kg, down $1.2/kg compared with September. 

Xiamen Tungsten quoted APT bid price for the first half of October at $299.0/mtu, down $7.0/mtu compared with the second half of September. 

Jiangxi Tungsten quoted high grade black tungsten concentrate at $17,307.7/ton, down $692.3/ton compared with the second half of September. 

Zhangyuan Tungsten also released its long-term contract prices for the first half of this month: black tungsten concentrate (WO3≥55%) price was $17,000.00/ton, down $538.5/ton; scheelite concentrate (WO3≥55%) price was $16,769.2/ton, down $538.5/ton; APT price was $299.0/mtu, down $7.0/mtu compared with the second half of September.

Prices of tungsten products on October 10, 2022

Picture of tungsten acid 

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