China’s Ammonium Paratungstate Price Stabilizes on Low Demand

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices continue to be stable on September 14, 2022 as the whole market keeps quiet and market participants mainly remain cautious sentiment. 

On the supply side, considering the epidemic situation in Ganzhou and other places, as well as the upgrading of environmental protection and safety management and control during the National Day, and the 20th National Congress of the Communist Party of China, the supply of spot resources in the market is generally tight, but producing enterprises still have some inventories. 

On the demand side, market participants are concerned about the impact of overseas high inflation and tight monetary measures, as well as the actual implementation of a series of measures such as domestic promotion fees, the market demand momentum is expected to pick up compared to the off-season in July and August, but the overall positive support remains to be seen.

In terms of macroeconomics, (1) against the backdrop of high inflation, the pressure of overseas economic recession is significant, and expectations of substantial interest rate hikes are rising. The U.S. CPI in August rose 8.3% year-on-year, higher than market expectations of 8.1%, and the previous value of 8.5%; it rose 0.1% month-on-month, higher than market expectations of -0.1%, and the previous value was 0. The core CPI rose 6.3% year-on-year, higher than market expectations of 6.1%. Among them, the cost of food and electricity prices have both set a historical record of more than 40 years. (2) Against the background of stubbornly high international inflation, China's price movement was generally stable. In August, China's CPI rose by 2.5% year-on-year, a decrease of 0.2 percentage points from the previous month, and a month-on-month decrease of 0.1%. From January to August, the CPI rose by 1.9% year-on-year. In August, the PPI increased by 2.3% year-on-year, a decrease of 1.9 percentage points from the previous month, and a decrease of 1.2% from the previous month.

Prices of tungsten products on Sep. 15, 2022

Picture of tungsten pin 

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