China’s Xianglu Tungsten Raised its Long-term Contract Prices for February

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market tend to stabilize in the middle of February 2023 because the supply of raw materials increases but trading activity does not improve. 

China’s Xianglu Tungsten released its long-term contract prices for February: 55% black tungsten concentrate price was $18,153.8/ton, up $461.5/ton; 55% scheelite concentrate price was $18,000.00/ton, up $461.5/ton; APT price was $312.9/mtu, up $5.2/mtu compared with the January 2023. 

The latest quotations of tungsten enterprises for long-term orders have been significantly increased compared with those in January, but they are not as high as the market in the first half of the year, which shows that the current atmosphere in the market has dropped, but the bottom of the market is still firm under the current situation of high costs and positive consumption expectations.

Prices of tungsten products on February 17, 2023

Picture of tungsten granule 

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