China’s Xianglu Tungsten Increased its Long-term Contract Prices for the Second half of November

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes affected by repeated COVID-19 in many places of China. In addition, the global high inflation pressure and the global tight currency situation caused by the rapid rise of the US dollar have led to a relatively sluggish global economic outlook, further increasing the pressure on overseas consumer markets.

High-grade tungsten concentrate price mainly stands at about $16,176.5/ton; APT market offers hover around $277.5/mtu; tungsten powder price stabilizes at $37.4/kg. In the short term, prices of tungsten products are expected to be stable on the whole. 

China’s Xianglu Tungsten released its long-term contract prices for the second half of this month: 55% black tungsten concentrate price was $15,735.3/ton, up $73.5/ton; 55% scheelite concentrate price was $15,588.2/ton, up $73.5/ton; APT price was $275.8/mtu, up $2.5/mtu compared with the first half of November 2022.

Prices of tungsten products on November 29, 2022

Picture of tungsten acid 

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