In May 2023, the average price of 65 household necessities included in the monitoring catalog in Jiangxi Province rose by 30% from the previous month and decreased by 4% from the previous month, and increased by 33% from the same period last year and fell by 4% from the same period last year. Among them, the price of tungsten concentrate in the means of industrial production rose, the price of steel and rare earth fell, the price of cement fell slightly, and the price of sand and gravel remained stable.
In terms of the price of tungsten concentrate, the average sales price of tungsten concentrate in Ganzhou in May 2023 was 120,000 yuan per ton, a month-on-month increase of 5.26% and a year-on-year increase of 6.19%.
According to Chinatungsten Online, in May 2023, China’s tungsten market generally showed a trend of sideways trading after a slight correction. The main reason for the weak state in the first half of the month was that the market demand performance after the May Day holiday was not as good as expected, and the early market growth failed to be implemented. , Leading to loose confidence in smelters, the prices of tungsten chemicals and tungsten powder materials are under pressure. However, supported by production costs, the awareness of many suppliers to stand up prices has increased. In May 2023, the average price of 65% black tungsten concentrate in China was 121,400 yuan/ton, a month-on-month increase of 3.67%, and a year-on-year increase of 6.58%; the average price of 65% scheelite concentrate was 119,400 yuan/ton, a month-on-month increase of 3.74% Up 6.70%.
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