China Ammonium Paratungstate Price Stabilized Due to a Lack of Liquidity

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China maintained stability in the week ended on Friday July 3, 2020 in the wake of continued spread of coronavirus, the instability in the economy and demand under the geopolitical risks. 

In the tungsten concentrate market, most transactions were concluded at around 11,764.7/t. Mining enterprises produced based on the rigid demand and remained low profits with the impact of high cost. Moreover, stricter environmental protection in China's major tungsten production areas such as Jiangxi Province is expected to reduce the supply of raw materials. Given that, most sellers were reluctant to sell at low prices.

The APT market still lacked liquidity and quotations mainly referred to the tungsten forecast prices from tungsten institutions. Both sellers and buyers were not active in trading while factories faced risk of price inversion. Therefore, the market was caught in wait-and-see atmosphere.

Prices of tungsten products on July 6, 2020

Picture of blue tungsten oxide 

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