China’s Jiangxi Tungsten Increased Black Tungsten Concentrate Price for the First half of April 2024

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain firm in early April 2024 for several reasons: firstly, due to a tight trend in the supply of raw materials; secondly, because large tungsten enterprises have firm long-term quotations; thirdly, due to the recent strong performance of the commodity market.

According to information from Chinatungsten Online, in the first half of April 2024, Jiangxi Tungsten's high-grade primary black tungsten concentrate was priced at $18,357.1/ton, an increase of $357.1/ton compared to the second half of March.

In terms of commodities, there has been a strong performance since March. Industry analysts believe this is mainly driven by global economic recovery, depreciation of the US dollar's intrinsic value, and improvement in global demand. Expectations of loose monetary liquidity combined with relatively tight supply have had a strong impact on the tungsten sector.

Prices of tungsten products on April 9, 2024

Picture of tungsten carbide parts 

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