Xiamen Tungsten released its ammonium paratungstate (APT) forecast price for the first half of October at $276.4/mtu, up $1.7/mtu compared with September, but slightly lowered than psychological expectations of manufacturers.
Zhangyuan Tungsten’s offers for the same period are as following: wolframite concentrate (WO3≥65%) price is at $15,538.5/t, up $307.7/t; scheelite concentrate at $15,307.7/t, up $307.7/t; APT at $278/mtu, up $3.5/mtu.
Chinese tungsten market just comes back from the holiday of National Day and market participants have not will to trade. Therefore, the trading in the whole market is thin. But the higher offers for tungsten raw materials from large tungsten enterprises would boost market confidence to some extent.
Supported by environmental checks and high production costs, tungsten raw materials are difficult to be purchased in low prices, resulting in low output of downstream alloy enterprises. At present, APT and tungsten powder prices will stabilize.
Price of Tungsten Products for Reference
Specification/ WO3 Content
Tungsten Carbide Powder
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