GLOBAL TUNGSTEN SNAPSHOT: Chinese APT range narrows downward on concentrate market downtrend

Key data from the pricing sessions in London and Shanghai in the week to Friday November 22.




China
Key drivers 

China’s domestic tungsten concentrate market softened for a fifth consecutive week on muted buying appetite from domestic and export markets. With most demand covered by long-term contracts, spot buying interest remains low, according to one China-based producer.  Major Chinese consumer Zhangyuan Tungsten set its buying price on November 20 for delivery in the second half of November at 82,000 yuan ($11,650) per tonne for 55% WO3 black tungsten concentrate, down by 3,000 yuan per tonne from the...

Published

Ewa Manthey

Sybil Pan

November 25, 2019

11:03 GMT

Shanghai, London