ng-term negotiated prices from Zhangyuan Tungsten were released. Wolframite concentrates quoted at $15,426 per tonne, down $388 per tonne month-on-month; APT quoted at $273 per mtu, down $7 per mtu month-on-month; medium particle tungsten carbide quoted at $39 per kilogram, down $1.5 per kilogram.
Opening this week, the first long-term negotiated prices in November from a listed tungsten enterprise in Fujian declined, which further depressed bullish psychological in the market. Domestic tungsten market faces great capital pressure at year-end, downstream customers demand a lower price and the demand is hard to recover. If there have no favorable news shown in the market, market participants will maintain their judgment of thin market.
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