China ammonium paratungstate (APT) market moved up and the prices increased continuously in the recent several days.

However, the customer are inactive in making deal as they think that the ammonium paratungstate (APT) market will be quiet owing to the soft demand from the downstream industries.

A Japanese trader based noted that the offers for ammonium paratungstate (APT) increased in the recent two weeks, while the amount of transactions are little.

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China tungsten concentrate prices continued to move up in the recent days, but the trading volume did not recover obviously. Most of the tungsten concertrate market participants watch the market for a while, and do not eager to make deals in the spot market.

A  tungsten concentrate factory whose output is around 70-80tons per month, said that they output to the old customers.

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US hard tungsten scrap prices increase caused by international uptick. Activity for hard tungsten scrap has seen no noticeable change as the only fluctuation seems spurred by rate increases coming from China suppliers. 

APT values rose roughly USD15mtu since late March, which only had a slight impact on scrap values. Players remarked that domestic business seems to have slowed further as players hold on to product due to a sudden firming, but many stated that it is still difficult to conclude consistent sales.

According to US, the hard tungsten scrap prices keep at USD11.9-12.4lb for consumers, a USD0.1lb increase compared to early.

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With the callback of metal price and economic downturn in China, America and Europe, the potential to rise in metal price still exists, and it needs waiting to see. Profit opportunity comes from new materials and some individual shares, especially tungsten. Two factor driving the moderately increase in tungsten price, that is: Merchants have become reluctant to sell due to the State Reserve Bureau purchasing news, the downstream customers maintained low inventory in early stock and has been buying again. Tungsten concentrate is expected to moderately increase to RMB 140,000 per ton from RMB 120,000 per ton and maintain for several months. However, if the economy doesn’t get any better, it will fall in the future. Thus, there may exist a phased opportunity for stocks in tungsten industry.

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