China’s Xiamen Tungsten Raised APT Bid Price for the Second half of November 2023

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices bottomed out tentatively on November 21, 2023, with transactions pending to be released. 

At the beginning of the week, a new round of long-term contract prices from large tungsten companies showed an increase, which boosted market sentiment. The mines remained tight-lipped and reluctant to sell, with limited resource outflows. Intermediate smelters tended to be cautious when starting operations, and the overall willingness to make profits decreased; powder companies continued to wait with the recovery of alloy end consumption. 

China’s Zhangyuan Tungsten released its long-term contract prices for the second half of November 2023: black tungsten concentrate (WO3≥55%) was quoted at $16,857.1/ton, up $142.9/ton; scheelite concentrate (WO3≥55%) was quoted at $16,642.9/ton, up $142.9/ton; APT was quoted at $287.3/mtu, up $0.8/mtu compared with the first half of this month. 

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

Xiamen Tungsten’s APT bid price for the second half of November 2023 was $287.3/mtu, up $1.6/mtu compared with the first half of this month.

Prices of tungsten products on November 22, 2023

Picture of tungsten trioxide 

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