[SMM newsletter] Tungsten prices continued to rise during the year. Tungsten Association sharply raised the forecast price in August.

Recently, Ganzhou Tungsten Industry Association recently released the forecast price of tungsten market in August, including wolframite (55 degrees) 111500 yuan / standard ton, ammonium paratungstate 169000 yuan / ton, medium particle tungsten powder 263 yuan / kg. It is understood that this is the largest price adjustment of the Ganzhou Tungsten Association this year, with wolframite (55 degrees) and ammonium paratungstate increasing by more than 10,000 yuan / ton.

Tungsten prices have continued to rise this year, with wolframite concentrates (≥ 55 per cent) up 30 per cent since the beginning of the year, up 25500 yuan per tonne, according to SMM. Ammonium paratungstate (domestic) increased by 28.9%, or 38000 yuan per ton. Most other varieties have increased by more than 20%.

SMM will later on the tungsten prices continue to rise in-depth analysis of the market, please stay tungsten!