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Caption Zhangyuan Tungsten Raised its Bid Prices for the Second Half of June

Posted by: Fymicohuang 2021-06-22 Comments Off on Caption Zhangyuan Tungsten Raised its Bid Prices for the Second Half of June

Caption Zhangyuan tungsten Raised its Bid Prices for the Second Half of June

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Category: Tungsten’s News
Published on Tuesday, 22 June 2021 18:47

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintained stability on June 21, 2021, but with the increase in new bid prices from listed tungsten companies for the second half of this month, market confidence was shored up. 

Zhangyuan Tungsten, China’s state-owned company, released its bid prices for the second half of June: black tungsten concentrate (WO3≥55%) was quoted at $15,158.7/t, up $79.4/t from the first half of this month; scheelite concentrate (WO3≥55%) was quoted at $14,920.6/t, up $79.4/t; ammonium paratungstate (APT) was quoted at $261.9/mtu, up $0.9/mtu. 

Manufacturers in the concentrate market are reluctant to sell products at low prices now. On the one hand, the environmental protection checks and the spread of pandemic increase operating cost; on the other hand, affected by oversupply of currency and other pump priming, traders face little pressure from the capital side. 

The APT market continues to be in a stalemate as both sellers and buyers keep cautious sentiment. For the tungsten powder market, the consumption of the alloy industry is affected by international economic and trade circulation pressures such as the epidemic situation and rising logistics freight. Therefore, it is weak in the market now. 

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