Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price continued to rise in the week ended on Friday, August 06, 2021, benefiting from tightening availability of raw materials, new bid prices and average forecast prices for early August shoring up market confidence and increased demand.
China’s Ganzhou Tungsten Association (GTA) released its average tungsten forecast prices for August: 55% black tungsten concentrate price was $17,698.4/t, up $1,904.8 month-on-month; APT price was $303.1/mtu, up $21.5/mtu; medium particle tungsten powder price was $41.7/kg, up $5.2/kg compared from July.
Jiangxi Tungsten’s bid price of high-grade black tungsten concentrate was $18,015.9/t for the first half of August, up $873/t compared with the second half of July.
Zhangyuan Tungsten’s bid prices for the first half of this month: black tungsten concentrate (WO3≥55%) was quoted at $17,698.4/t, up $1,031.7/t; scheelite concentrate (WO3≥55%) was quoted at $17,460.3/t, up $1,031.7/t; APT was quoted at $303.1/mtu, up $17.9/mtu compared with the second half of July.
Prices of tungsten products on August 9, 2021
Picture of tungsten ore
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