China’s Zhangyuan Tungsten Raised Long-term Contract Prices for the Second half of December

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices continue steady upward trend on December 21. 2022 with listed tungsten companies raised their last round of guide prices for the second half of this month. 

However, market transactions remain quiet. On the one hand, due to the impact of overseas economic, trade and geopolitical tensions, the demand for manufacturing has slowed down; on the other hand, due to the recent domestic epidemic prevention and control entering a new stage, the epidemic situation around New Year's Day and the Spring Festival is expected to be severe, which affects the market logistics capacity and puts pressure on it. The market recovery still needs a transition period.

China’s Zhangyuan Tungsten released its long-term contract prices for the second half of this month: black tungsten concentrate (WO3≥55%) price was $16,470.6/ton, up $514.7/ton; scheelite concentrate(WO3≥55%) price was $16,250.0/ton, up $514.7/ton; APT price was $285.8/mtu, up $5.8/mtu compared with the first half of December. 

Jiangxi Tungsten quoted high grade black tungsten concentrate at $16,764.7/ton, up 514.7/ton compared with the first half of December.

Prices of tungsten products on December 22, 2022

Picture of tungsten needles 

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