China’s Zhanyuan Tungsten Rasied Long-term Contract Prices for the Second Half of November

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices show signs of rise at the end of November 2022. 

On the one hand, due to the easing of the epidemic situation in Zhuzhou and other places, and the increase in the atmosphere of stocking up at the end of the year, the consumption of cemented carbide is expected to pick up; on the other hand, boosted by a new round of long-term contract prices from large tungsten enterprises, the confidence in market quotations has increased. 

It is worth noting that risks such as repeated epidemics, geopolitical conflicts, high inflation, and tight currency are still continuing, and the uncertainty of the global macro environment makes the tungsten products industry still face pressure.

China’s Zhanyuan Tungsten relased its long-term contract prices for the second half of this month: black tungsten concentrate (WO3≥55%) price was $15,661.8/ton, up $73.5/ton; scheelite concentrate (WO3≥55%) price was $15,441.2/ton, up $73.5/ton; APT price was $274.2/mtu, unchanged from the first half of November. 

Jiangxi Tungsten quoted high-grade concentrate at $16,102.9/ton, up $147.1/ton compared with the first half of this month. 

Xiamen Tungsten quoted APT bid price at $273.3/mtu, down $0.8/mtu from last time.

Prices of tungsten products on November 23, 2022

Picture of tungsten ore 

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