Zhangyuan Tungsten Raised Long-term Contract Prices for February 2024

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market show stability with slight upward exploration. Firstly, this is based on the relatively favorable new round of long-term contract prices from large tungsten enterprises. 

Secondly, it is because the market's resource quantity remains relatively tight under the influence of the holiday atmosphere. Additionally, in this upward cycle, while the supply and demand fundamentals are in a deadlock, the emphasis is on a steady and cautious approach. Market transactions are observed as needed, and holders' offers are generally stable at the beginning of the year.

According to Chinatungsten Online, in the second half of February 2024, the long-term contract prices (including 13% value-added tax) from Zhangyuan Tungsten were as follows: black tungsten concentrate (WO3≥55%) at $17,428.6/ton, an increase of $71.4/ton compared to the first half of the month; white tungsten concentrate (WO3≥55%) at $17,514.3/ton, an increase of $71.4/ton; ammonium paratungstate (national standard grade) at $293.8/mtu, an increase of 0.8/mtu compared to the first half of February 2024. 

Jianngxi Tungsten’s national standard grade I black tungsten concentrate quotation for the second half of February 2024 remains unchanged at $17,642.9/ton compared to the first half of this month. 

Prices of tungsten products on February 22, 2024

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Picture of tungsten acid 

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