China’s Xianglu Tungsten Declined Long-term Contract Prices for October 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day as there is no significant development on the demand side, combined with an uncertain global environment. 

This has led to a subdued mood among traders, and suppliers are cautious with a preference for holding onto their stock. Smelters are concerned about the risk of an inverted market and are mainly involved in exploratory trading. The overall circulation of tungsten in the market is limited.

As per information from Chinatungsten Online, in October 2023, China’s Xianglu Tungsten Industry issued its long-term contract prices for tungsten raw materials. The prices, including taxes, are as follows: 55% black tungsten concentrate was quoted at $16,857.1, down $71.4/ton; 55% scheelite concentrate was quoted at $16,714.3/ton, down $71.4/ton; 288.1/mtu, down $1.6/mtu compared with September 2023. 

Prices of tungsten products on October 18, 2023

Picture of tungsten bucking bar 

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