Zhangyuan Tungsten raises second-half December bids

摘要

Chinese tungsten powder manufacturer Zhangyuan Tungsten today lifted its second-half December bid prices for tungsten concentrate and ammonium paratungstate (APT) because of rising feedstock costs and reduced spot supplies. Zhangyuan raised its second-half December bid price for 88.5pc grade APT by 4,000 yuan/t ($627/t) to Yn167,000/t from Yn163,000/t in the first half of December. Its bid price for 55pc grade wolframite concentrate moved up by Yn3,000/t to Yn108,000/t over the same period.