China’s Xianglu Tungsten Raised its Long-term Contract Prices for the First half of December

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price is temporarily stable, and the confidence in the raw material side is relatively strong. 

On the one hand, due to the implementation of the "new ten measures" for epidemic prevention and control and the intervention of active policy measures, the fundamentals of the domestic economy are expected to improve and restore the consumer market; On the one hand, the market is affected by the strong willingness of the market to stock up before the overseas Christmas and domestic Spring Festival holidays; in addition, the long-term contract prices of various large tungsten enterprises in the first half of the year has increased, which has boosted the atmosphere in the market to a certain extent.

China’s Xianglu Tungsten released its long-term contract prices for the first half of December: 55% black tungsten concentrate price was $16,470.6/ton, up $735.3/ton; 55% scheelite concentrate price was $16,323.5/ton, up $735.3/ton; APT price was $285.8/mtu, up $13.3/mtu compared with the second half of November 2022. 

According to the National Bureau of Statistics, in November, the national consumer price index (CPI) rose by 1.6% year-on-year, a decrease of 0.5 percentage points from the previous month; the month-on-month change from an increase of 0.1% in the previous month to a decrease of 0.2%. The national industrial producer price (PPI) decreased by 1.3% year-on-year, and rose by 0.1% month-on-month; the purchase price of industrial producers decreased by 0.6% year-on-year, and remained the same month-on-month.

Prices of tungsten products on December 13, 2022

Picture of tungsten trioxide 

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