Xiamen Tungsten Raised Its Bid Price for APT for the Second Half of April

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to be on the upward trend on April 20, 2021 due to lower spot availability caused by environmental protection. In coming days, participants mainly wait for bid prices from China’s key primary consumers. 

China’s state-controlled tungsten producer and raw material consumer Xiamen Tungsten raised its bid price for APT for the second half of April to $22,777.8/mtu, an increase of $396.8/mtu compared with the first half of this month.

The month-long environmental checks in major tungsten producing areas is expected to play out in the first half of May. Insiders have different views towards the market afterwards. and now, most suppliers keep firm offers and are reluctant to sell at low prices. 

The APT market is in a stalemate because the cost is high and consumers remain low buying appetite. Smelting factories face great pressure and stabilize their offers at about $263.7/mtu.

Prices of tungsten products on April 21, 2021

Picture of tungsten carbide powder 

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