China’s Zhangyuan Tungsten Declined Long-term Contract Prices for the Second Half of October

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, October 21, 2022 because the consumer market kept quiet and long-term contract prices from listed tungsten companies also declined accordingly. 

On the supply side, due to environmental safety requirements, factories’ production reductions, and miners’ rised mentality, market supply had tightened; on the demand side, the downstream terminal manufacturing consumption remained sluggish, combined with the decline in overseas economic prosperity, the market demand continued to be weak; on the macro side, uncertain factors such as repeated epidemics and geographical conflicts have been disrupted the market for a long time. The energy crisis-inflation-monetary tightening transmission chain is impacting the metal consumption market, the market's external environment is still expected to be negative, but the resilience of the Chinese economy provides a certain positive foundation.

China’s Zhangyuan Tungsten released its long-term contract prices for the second half of this month: black tungsten concentrate (WO3≥55%) price was 15,882.4/ton, down $367.6/ton; scheelite concentrate (WO3≥55%) price was $15,6661.8/ton, down $367.6/ton; APT price was $279.2/mtu, down $6.6/mtu compared with the first half of this month. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate at $16,029.4/ton, down $514.7/ton compared with the first half of this month.

Prices of tungsten products on October 24, 2022

Picture of tungsten acid 

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