Guide Prices for Chinese tungsten Market Declined, As Expected
- Category: Tungsten’s News
- Published on Wednesday, 08 August 2018 11:45
Analysis of latest tungsten market from ChinaTungsten Online
Large tungsten enterprises’ guide prices were released, which decline as expected. Affected by that, market confidence was weakened, buyers remained weak buying interests and sellers considered profit-taking to move materials.
Wolframite concentrate was quoted at $15,538.5/t, down $1,230.8/t compared with July; ammonium paratungstate was quoted at $286.8/mtu, down $17.4/mtu from last month; medium particle tungsten powder was quoted at $40.8/kg, down $2/kg, according to Ganzhou Tungsten Association.
In Zhangyuan Tungsten, wolframite concentrate (WO3≥65%) was quoted at $15,538.5/t, down $615.4/t from last month; scheelite concentrate (WO3≥65%) was quoted at $15,307.7/t, down $615.4/t; APT was quoted at $286.8/mtu, down $8.7/mtu compared with the second half of July.
Xiamen Tungsten also declined offer level for APT by $13.9/mtu to $286.8/mtu. It was reported that APT prices in Chinese tungsten market basically fall below $295.5 per mtu as manufacturers are under pressure.
Link to this article：Guide Prices for Chinese Tungsten Market Declined, As Expected
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