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

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to stabilize when the sales of downstream alloy products and intermediate smelting products in golden September and silver October were lower than expected, which affected the enthusiasm of traders to enter the market. 

Meanwhile, the overseas economic risks and geopolitical conflicts suppressed market risk appetite, and a new round of guide prices from listed tungsten companies declined slightly, indicating that the current market is weak and market trading is expected to quiet in the short term.

China’s Zhangyuan Tungsten released its long-term contract prices for the second half of October 2023: black tungsten concentrate (WO3≥55%) was quoted at $16,785.7/ton, down $71.4/ton; scheelite concentrate (WO3≥55%) was quoted at $16,571.4/ton, down $71.4/ton; APT was quoted at $288.1/mtu, down $1.6/mtu compared with the first half of October 2023. 

Jiangxi Tungsten quoted high grade black tungsten concentrate for the second half of October 2023 at $17,142.9/ton, down $71.4/ton compared with the first half of this month.

Prices of tungsten products on October 24, 2023

Picture of tungsten copper rods 

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