Chinese APT Manufacturers Keep Firm Offers with Low Transactions Concluded

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices rise slightly in early December boosted by high production cost and tightening availability of raw materials with the approaching of Chinese New Year. 

In the tungsten concentrate market, the rise in new guide prices from listed companies and associations supports market sentiment. Moreover, with the impact of cold weather, Chinese main mining enterprises are expected to reduce production. Therefore, the price may keep firm in the short term. 

Chinese APT manufacturers keep firm offers at about $222.5 per mtu with low transactions concluded. Smelting factories reduce production to order to release their pressure of price inversion. Considering the persistent weakness in the demand side, the market is in a stalemate. 

China exported 11,730t of tungsten products during January-July, down by 31.74pc on the year, according to official customs data. Exports to Japan over January-July fell by 42pc from the year-earlier period, with shipments to Europe and the US down by 32pc and by 26pc on the year, respectively.

Prices of tungsten products on December 10, 2020

Picture of tungsten acid 

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