Chinese Exporters Raised APT Prices Due to Higher Purchasing Cost in the Domestic Market

Details: Category: Tungsten's News; Published on Monday, 17 January 2022 17:54

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price continues to keep stable and firm on January 13, 2022. However, participants hold different views towards the outlook. Some of them are still worried about cost pressures under environmental protection and inflation, while others believed the epidemic and the slowdown in economic growth will affect demand less than expected.

As for the export market, Chinese exporters raised prices for ammonium paratungstate (APT) due to higher purchasing cost in the domestic market. Deals were concluded within the assessed range. Sources said some overseas traders inquired about APT and showed interest to purchase some materials ahead of the January 31-February 6 Chinese New Year holiday in China.

In terms of news, in December 2021, the epidemic in China was spread in many places. All regions and departments coordinated to promote epidemic prevention and control and ensure supply and price stabilization. The consumer market was generally stable, with CPI down 0.3% month-on-month and up 1.5% year-on-year, the increase dropped by 0.8 percentage points from the previous month; the effect of the policy of ensuring supply and stabilizing prices continued to show in December, combined with the impact of the falling prices of some international bulk commodities such as crude oil, the prices of industrial products fell, and the PPI decreased by 1.2% month-on-month and increased by 10.3% year-on-year, and 2.6 percentage points lower than the previous month, according to the data from the Bureau of Statistics.

Prices of tungsten products on January 14, 2022

APT price image