China’s Zhangyuan Tungsten Declined Long-term Contract Prices for the First half of October 2023

Analysis of latest tungsten market from Chinatungsten Online

The latest round of quotations from China’s major tungsten enterprises has been released, reflecting a slightly weaker tone amid a stable market, indicating a stalemate in the market. 

On the raw material side, a stable market attitude is maintained, while on the demand side, a relatively sluggish situation is affecting the trading sentiment of traders. The circulation performance of the tungsten industry chain is blocked, and the market is difficult to make significant progress. The main transactions revolve around essential needs, with price guidance from institutions and major enterprises serving as reference points. In some areas, there are indications of stability or slight declines, but overall, the adjustment range is limited.

China’s Zhangyuan Tungsten released its long-term contract prices for the first half of October 2023: black tungsten concentrate (WO3≥55%) was quoted at $16,857.1/ton, down $71.4/ton; scheelite concentrate (WO3≥55%) was quoted at $16,642.9/ton, down $71.4/ton; APT was quoted at $289.7/mtu, unchanged compared with the second half of September 2023. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate at $17,214.3/ton, unchanged with the second half of September 2023. 

Xiamen Tungsten’s APT bid price was $288.2/mtu, down $1.6/mtu compared with the second half of September 2023.

Prices of tungsten products on October 9, 2023

Picture of tungsten alloy cube 

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