China’s APT Market Is Weakened on Continued Limited Deals

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is unchanged from the previous trading day on weak support from the cost and demand sides. At the end of the year, industry players have certain concerns about the low consumption and the return of market capital, and thus they will mainly take a watchful stance. 

In the tungsten concentrate market, deals are difficult to be concluded as buyers remain low buying appetite. Given the comprehensive production costs, miners are reluctant to accept orders that prices lowered than $16,666.7/ton. 

In the APT market, the situation in the demand side has affected the market confidence slightly, and the focus of spot negotiations has fallen. Since October, the supply of thermal coal has increased significantly, with a year-on-year increase of more than 30%, which continues to exceed coal consumption. Affected by this, the prices of chemical and other raw and auxiliary materials have fallen rapidly, and the support for APT product prices has also been significantly weakened. 

In the tungsten powder market, the downturn in the upstream raw material market and the weakening of the consumption of downstream alloys and its products have a negative impact on the market. The short-term confidence in the market is generally weak, merchant offers are relatively chaotic, and downstream users are not motivated to stock up. 

Prices of tungsten products on November 26, 2021

Picture of concentrate 

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