Fastmarkets’ weekly price assessment for tungsten concentrate 65% WO3, in-whs China
was 78,000-80,000 yuan ($10,998-11,280) per tonne on Wednesday May 13, up by 1,000 yuan per tonne (1.3%) from 77,000-79,000 yuan per tonne a week earlier.
The Ganzhou Tungsten Association (GTA) published a forecast price of 76,000 yuan per tonne for black tungsten concentrate, basis 55% WO3 in China’s domestic market for May.
This is largely in line with a price of 78,000 yuan per tonne for black tungsten concentrate, basis 65% WO3. The GTA did not forecast a price for April due to a lack of liquidity
But sources described the GTA’s forecast price as being out of touch with current market prices, suggesting that consumers were not able to source concentrate at 78,000 yuan per tonne.
“The concentrate price should be around 80,000...