Tungsten Companies in China Raised Long-term Contract Prices for the Second half of October 2024

Analysis of latest tungsten market from Chinatungsten Online

In the second half of October, the long-term contract prices from major tungsten companies in China have been gradually released, showing an increase compared to the first half of the month, but the price increase is limited, reflecting a cautious and stable market attitude from companies. 

The price of tungsten concentrate remains relatively firm, with a prevalent view of tight supply and high prices in the market; however, the long-term contract price of ammonium paratungstate (APT) falls short of market expectations, indicating a lack of positive demand support, which undermines the overall bullish sentiment on tungsten raw materials. Currently, the tungsten market is generally cautious and stable, with limited purchasing initiative from participants, leading to many transactions being negotiated.

Prices of tungsten products on October 23, 2024

Picture of tungsten filaments 

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