China’s APT and Tungsten Powder Market Are Stable in Late February

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day. 

On the one hand, it is due to the support of raw material costs, which is even strong under the influence of sustained high global inflation. The willingness of the mining end to give up profits is not high, and the release of low-end resources is limited; 

On the other hand, it is due to domestic optimization of epidemic prevention and control measures. The recovery of the post-economy still needs a period, the consumer side lags behind in follow-up, and the enthusiasm of buyers to enter the market to receive goods is not high. The market of tungsten products is mainly in a stalemate.  

The tungsten concentrate, APT and tungsten powder markets remain stable now. The price of ferro-tungsten has been slightly lowered, mainly due to the loosening of the market on the raw material side. The consumption of downstream stainless steel has been boosted by favorable measures such as infrastructure and real estate. However, the overall supply is still sufficient, and the room for market boost is limited.

The price of cemented carbide remains stable. Although the domestic consumption prospect is expected to be good, the short-term demand performance is low, and the overseas uncertain factors are superimposed. The market is not very enthusiastic about the purchase and stocking of tungsten raw materials.

Prices of tungsten products on February 23, 2023

Picture of tungsten acid 

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