How these numbers are made

1. What we take from a source

Only the price numbers and a link to the article they came from. We do not copy article text into our database, our pages or our feed. The commentary published here is written from the numbers we parsed. Publishers that forbid republication are not being republished.

2. Unit basis

Chinese concentrate prices are quoted per standard tonne on a 65% WO₃ basis. CNY 333,000 per standard tonne is therefore CNY 5,123 per mtu, where one mtu (metric ton unit) is 10 kg of contained WO₃. We publish the mtu figure because export contracts settle on it and it compares across grades. APT and ferrotungsten stay per tonne; powders per kilogram.

3. Consensus versus contract

The consensus is the median of midpoints across spot sources. Benchmark assessments are included because they are published as tradeable references. Producer long-term contracts and association guidance appear in a separate block and never enter the median: they are set periodically, they lag the spot market, and folding them in would silently distort the series.

4. Currency

USD figures divide the renminbi price by the USD/CNY reference rate for that day; the monthly page uses that month's average. It is a mid-market reference, not a bank settlement rate, and it will differ from what you actually pay by the usual spread.

5. Timing

The daily note we capture is published by China Tungsten Online during the morning, China time. The page carries no machine-readable timestamp, so the capture job polls across the publication window and stops as soon as the new session appears. The first moment we see a session is stored with the snapshot. A captured session is never silently overwritten; later corrections are additive.

6. What this is not

These are not offers. They are indicative references compiled from public material. Real transactions differ by grade, lot size, payment terms, delivery and duty status. Do not use a single number here as the basis of a purchase contract.

Sources used for the latest session (2026-10-27)

• China Tungsten Online (中钨在线) — spot, as of 2026-10-27 · source
• SMM (Shanghai Metals Market) (上海有色网) — spot, as of 2026-10-26 · source
• Beifang Youse (北方有色网) — spot, as of 2026-10-26
• SunSirs benchmark (生意社基准价) — benchmark, as of 2026-10-27 · source
• WeChat market roundups (公众号行情汇总) — secondary, as of 2026-10-26
• Zhangyuan Tungsten long-term contract (章源钨业长单价) — contract, as of 2026-10-20
• Xianglu Tungsten long-term contract (翔鹭钨业长单价) — contract, as of 2026-10-18
• Ganzhou Tungsten Association guidance (赣州钨业协会指导价) — forecast, as of 2026-10-01

Aggregation and commentary by Yatech Materials. Source names and any linked articles remain the property of their publishers; links are provided for verification. Figures are indicative and should not be the sole basis for a purchase or investment decision.