Zhuzhou Zhirong Advanced Material Co., Ltd

Select Language

  • Search News

  • Search News
Home> News> November 7th Tungsten Market Daily Review: Tungsten Market Consolidates with Decreased Volume

November 7th Tungsten Market Daily Review: Tungsten Market Consolidates with Decreased Volume

November 10, 2023
November 7th Tungsten Market Daily Review: Tungsten Market Consolidates with Decreased Volume

Date: November 8, 2023
Source: Tungsten and Molybdenum Cloud Merchant Langyage

Tungsten concentrate consolidates with horizontal trading. Due to frequent year-end inspections, the operating rate of private tungsten mines is affected to varying degrees. The inventory of tungsten concentrate in private mines is at a relatively low level. At the same time, bank pledging loans alleviate market liquidity pressure. Therefore, with tight supply and ample funds, mines are reluctant to sell.

Today, the negotiated price for 55-60% tungsten concentrate bulk cargo is between 1.67-1.68 yuan/kg, excluding taxes. Downstream users are still facing resistance in purchasing at a price below 1.67 yuan/kg, excluding taxes. Yesterday, the guidance price for 55% white tungsten concentrate by Zhangyuan Tungsten was 117,000 yuan/ton, and the APT cost was 178,500 yuan/ton. Currently, APT bulk cargo maintains a range of 177,500-178,000 yuan/ton, highlighting the inverted position of manufacturers.

Trading volume in the tungsten powder market has decreased. Currently, the transaction price for tungsten carbide powder is between 260-263 yuan/kg, and the transaction price for tungsten powder is between 266-268 yuan/kg. The mainstream quotation for cobalt powder is 235-240 yuan/kg, with actual transactions occurring at around 235 yuan/kg.

Summary: Tungsten raw materials remain high, downstream tungsten products continue to be under pressure, and the game between upstream and downstream has not yet ended. The tungsten market has shown a significant decrease in trading volume in the short term.
Previous
Next
Contact Us

Author:

Ms. Crystal Yuan (Carbide Inserts Department)

E-mail:

crystalyuan@zrzhirong.com

Phone/WhatsApp:

8613873367635

Popular Products
Company News
Xiamen Tungsten Industry: Photovoltaic tungsten wire is a high-end product independently developed by the company in recent years
Xiamen Tungsten Industry: Photovoltaic tungsten wire is a high-end product independently developed by the company in recent years

December 07, 2023

Tengyuan Cobalt Industry ranks among the
Tengyuan Cobalt Industry ranks among the "Top 100 Private Enterprises in Jiangxi in 2023"

November 17, 2023

Industry News
Mine! Luomu Group, the world's second largest cobalt mine, reaches production
Mine! Luomu Group, the world's second largest cobalt mine, reaches production

March 28, 2024

Zhangyuan Tungsten Industry has obtained an invention patent authorization:
Zhangyuan Tungsten Industry has obtained an invention patent authorization: "A rare earth tungsten rod and its preparation method"

March 28, 2024

You may also like
Related Information
Carbide inserts Application

Carbide Inserts, also known as tungsten carbide blades, are widely used in various industries due to their high hardness, wear resistance, and toughness. These blades are made from a mixture of...

Related Categories

Email to this supplier

Subject:
Email:
Message:

Your message must be betwwen 20-8000 characters

Contact Us

Author:

Ms. Crystal Yuan (Carbide Inserts Department)

E-mail:

crystalyuan@zrzhirong.com

Phone/WhatsApp:

8613873367635

Popular Products
Company News
Xiamen Tungsten Industry: Photovoltaic tungsten wire is a high-end product independently developed by the company in recent years
Xiamen Tungsten Industry: Photovoltaic tungsten wire is a high-end product independently developed by the company in recent years

December 07, 2023

Tengyuan Cobalt Industry ranks among the
Tengyuan Cobalt Industry ranks among the "Top 100 Private Enterprises in Jiangxi in 2023"

November 17, 2023

Industry News
Mine! Luomu Group, the world's second largest cobalt mine, reaches production
Mine! Luomu Group, the world's second largest cobalt mine, reaches production

March 28, 2024

Zhangyuan Tungsten Industry has obtained an invention patent authorization:
Zhangyuan Tungsten Industry has obtained an invention patent authorization: "A rare earth tungsten rod and its preparation method"

March 28, 2024

About Us
Related Products List
Contacts:Ms. Crystal Yuan (Carbide Inserts Department)
  • Tel:86-13873367635
  • Email:crystalyuan@zrzhirong.com
  • Address:No.035, Xiayuetang Group, Songjiaqiao village, Songjiaqiao Sub. District Office, Hetang District, Hunan China, Zhuzhou, Hunan China
Contacts:Mr. John Xiong (Carbide Rods Department)
  • Tel:86-13787800103
  • Email:jf5396170@zrzhirong.com
  • Address:No.035, Xiayuetang Group, Songjiaqiao village, Songjiaqiao Sub. District Office, Hetang District, Hunan China, Zhuzhou, Hunan China

Copyright © 2024 Zhuzhou Zhirong Advanced Material Co., Ltd All rights reserved.Privacy Policy

Please Leave Us A Message

Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.

We will contact you immediately

Fill in more information so that we can get in touch with you faster

Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.

Upload Attachment
Send