China’s Jiangxi Tungsten Raised Quotes for Black Tungsten Concentrate for Late January 2024

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to remain stable before the Spring Festival. From the guide prices of major tungsten enterprises in the second half of the month, it can be observed that the market sentiment is mainly stable or slightly bullish. 

Despite the current lack of consumption vitality in downstream terminals, which has restrained overall trade sentiment and market focus, the resilience of raw material costs and ore prices is supporting suppliers' attitudes. There are fewer resources available for concessions in the market, and negotiations for essential transactions are still in a stalemate. We are observing the actual impact of China's 2024 measures to boost consumption and the international shift in monetary policies on the industry's demand recovery both domestically and internationally.

According to information from Chinatungsten Online, in the second half of January 2024, Jiangxi Tungsten quoted $17,500.0/ton for high-grade black tungsten concentrate, an increase of $71.4/ton compared to the first half of January 2024.

Prices of tungsten products on January 242024

Picture of tungsten acid 

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