GTA’s December forecast price for tungsten concentrate below current spot levels

China’s Ganzhou Tungsten Association (GTA) has kept its monthly forecast price for black tungsten concentrate basis 55% WO3 in the country unchanged at 85,000 yuan ($12,091) per tonne for December.

The latest forecast price is largely equivalent to a price of 87,000 yuan per tonne for black tungsten concentrate basis 65% WO3, market participants told Fastmarkets, adding that this is below current spot market levels.
“I offered [65-grade] tungsten concentrate at 88,000 yuan per tonne and my customers were glad with such a price. I could even raise the price to 89,000 yuan per tonne,” a trader source said.

A miner source told Fastmarkets that it would be almost impossible to purchase 65-grade tungsten concentrate at 87,000 yuan per tonne and 88,000 yuan per tonne...


Ruby Liu

December 13, 2019

03:35 GMT