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China’s Zhangyuan Tungsten Raised its Offer of Black Tungsten Concentrate by 5.5%

Posted by: Fymicohuang 2021-07-22 Comments Off on China’s Zhangyuan Tungsten Raised its Offer of Black Tungsten Concentrate by 5.5%

China’s Zhangyuan tungsten Raised its Offer of Black Tungsten Concentrate by 5.5%

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Category: Tungsten’s News
Published on Thursday, 22 July 2021 18:21

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China continue to keep firm affected by tight supply of raw materials despite of relative quite demand. Enterprises of the whole industry chain have to raise their offers one after another with the increase of production cost.  

For tungsten concentrate, China’s Zhangyuan Tungsten raised its offer by 5.5% to 16,666.7/t; Jiangxi Tungsten increased by 5.8% to $17,142.3/t compared from the first half of July. The rise by state-owned enterprises shores up market confidence and offers in the market intend to increase to $17,460.3/t. 

In the ammonium paratungstate (APT) market, listed companies’ offers stand at about $287/mtu, and mainstream offer mostly hover around $292.4/mtu, but many manufacturers tend to increase offers. Actually, although prices stand high, deals are not concluded as expected.

In the tungsten powder market, the price of cobalt powder, one of the important raw materials for cemented carbide, has been raised from $62,698/ton to the current $69,047/ton since June, an increase of 10%. It can be seen that, in addition to the support from the tungsten raw material end, the consumer end of tungsten carbide powder will also maintain a strong momentum in the short term. The price of tungsten powder is tentatively approaching $38.9/kg.

Link to this article:China’s Zhangyuan Tungsten Raised its Offer of Black Tungsten Concentrate by 5.5%

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