China’s Xiamen Tungsten Raised APT Bid Price for the First Half of January 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on January 10, 2023. At present, the sentiment of upstream manufacturers, the situation of Covid-19 and the festive atmosphere are the main factors affecting the tungsten market. 

China’s Xiamen Tungsten quoted APT bid price at $292.5/mtu, up $6.6/mtu compared with the second half of December 2022. The increase shored up market confidence to some extent. 

On the macro front, energy issues continue to push up inflationary pressures in Europe. According to preliminary statistics from Eurostat, the inflation rate in the euro zone in December 2022 will be 9.2% on an annualized basis, down from the 10.1% inflation rate in November. The inflation target of 2% is still a big gap.

Prices of tungsten products on January 11, 2023

Picture of tungsten acid 

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