China’s Xianglu tungsten Declined Its Long-term Contract Prices for Early September
- Category: Tungsten’s News
- Published on Wednesday, 15 September 2021 19:10
Analysis of latest tungsten market from Chinatungsten Online
The tungsten price in China remains stable in the week began on Monday, September 13, 2021 despite of the decline in new long-term contract prices for the first half of this month.
China’s Xianglu Tungsten released its long-term contract prices for the first half of September: 55% black tungsten concentrate price was $16,984.1/t, down $476.2/ton compared with the second half of August; 55% scheelite concentrate price was $16,825.4/ton, down $476.2/ton; ammonium paratungstate (APT) price was $290.6/mtu, down $7.2/mtu from last time.
After the reference prices of institutions and large enterprises have been set, there are three main factors affecting the tungsten market. first, the market benefits from the promotion of low-carbon environmental protection policies, the threshold for raw material production and the increase in input costs; second, the manufacturing industry is not as good as expected, and the market demand is still under pressure, especially the epidemic and economic instability faced by external demand; third, the implementation of post-epidemic economic stimulus plans and new and old infrastructure projects will help release domestic demand and restore confidence in the market.
Link to this article：China’s Xianglu Tungsten Declined Its Long-term Contract Prices for Early September
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