Analysis of latest tungsten market in China from Chinatungsten Online

 

China’s domestic tungsten price edged lower in the week ended on Friday, August 27, 2021 after a surge since May. In addition, stated-owned companies and listed tungsten companied also reduced their long-term contract prices for the second half of August.

Xiamen Tungsten’s APT bid price was $299.5/mtu for the second half of August, down $3.6/mtu compared from the first half of this month. 

Zhangyuan Tungsten released its long-term contract prices for late August: black tungsten concentrate (WO3≥55%) price was $17,539.7/ton, down $158.7/ton; scheelite concentrate (WO3≥55%) price was $17,301.6/ton, down $158.7/ton; APT price was $301.3/mtu, down $1.8/mtu from the first half of this month. 

High grade black tungsten concentrate was quoted at $18,015.9/ton by Jiangxi Tungsten, unchanged from last time. 

Xianglu Tungsten quoted 55% black tungsten concentrate at $17,460.3/ton, down $238.1/ton; scheelite concentrate was quoted at $17,301.6/ton, down $238.1/ton; APT was quoted at $297.7/mtu, down $5.4/mtu from early August.