China APT Price Keeps Firm on Tight Supply and High Production Costs

Details: Category: Tungsten's News; Published on Tuesday, 15 December 2020 18:05; Written by Shuxia; Hits: 828

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices maintain stability in the week began on Monday December 14, 2020 on cautious sentiment of market participants.

Tight supply and high production costs support concentrate suppliers’ offers, but persistent weakness in the demand side continues to worry insiders. Moreover, the stability in world economy and capital shortage of enterprises at the end of the year make the market in a stalemate.

The tungsten concentrate price keep firm at $13,650.8 per ton with tightening availability of spot resources. Sellers are reluctant to sell at low prices and purchasers remain weak demand. The APT price tries to pick up to $233.2 per mtu but actual trading prices are low. Smelting factories worry about the risk of price inversion and pressure of export. For the tungsten powder market, price hovers around $21.7 per kilogram and orders are hardly concluded. Most siders take a watchful stance.

Prices of tungsten products on December 15, 2020

China APT price image