Guangdong Xianglu Tungsten Raised Long-term Contract Prices for February 2024

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, with the overall market fundamentals continuing in a state of dual weakness since the beginning of the year.

 The market's operating rate has not fully recovered, but with the release of long-term quotations from major tungsten enterprises, the tungsten raw material market trend has become clearer. 

The relatively positive attitude from the mining side provides a cost basis for the market, although the actual demand from downstream end-users remains uncertain. At the beginning of the post-holiday period, market transactions are relatively sluggish, with an overall atmosphere of cautious observation.

According to information obtained by Chinatungsten Online, in February 2024, the long-term contract prices for tungsten raw materials from Guangdong Xianglu Tungsten were as follows: black tungsten concentrate with a WO3 content of over 55% was priced at $17,428.6/ton, an increase of $214.3/ton compared to January; white tungsten concentrate with a WO3 content of over 55% was priced at $17,285.7/ton, up by $214.3/ton compared to January; ammonium paratungstate (APT) was priced at $293.8/mtu, up by $2.4/mtu compared to January.

Prices of tungsten products on February 20, 2024

Picture of ferro tungsten 

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