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China Tungsten Price Stabilizes on Tight Supply of Spot Resources

Posted by: Chris Na 2021-11-17 Comments Off on China Tungsten Price Stabilizes on Tight Supply of Spot Resources

China tungsten Price Stabilizes on Tight Supply of Spot Resources

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Category: Tungsten’s News
Published on Thursday, 27 August 2020 17:31

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price hovers at a relatively high level due to tight supply of spot resources and good expectation for the outlook. But as the demand side is weak and actual transactions are limited, insiders are expected to take a watchful stance in the short term. 

China’s Xianglu Tungsten released its offer for the second half of August: 55% black tungsten concentrate was quoted at $12,426.5 per tonne; 55% scheelite concentrate was quoted at $12,279.4 per tonne and APT was quoted at $212.7 per mtu, unchanged from the first half of this month. 

Suppliers in the whole industry still are reluctant to sell products considering reduced output. For the demand side, buyers keep cautious sentiment in purchasing products. As a result, deals do not seem increased. The situation may continue at the end of August.

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