China’s Ammonium Paratungstate Price Stabilized Amid a Sluggish Export Market

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten concentrate markets continued to stabilize without showing signs of a recovery in the last trading day in May amid weak downstream demand and a sluggish export market.

Tungsten ore producers still have good sentiment with the support of high production costs due to environmental protection and COVID-19 response, and market price hovered around $15,555.6/t. APT is an important raw material for tungsten powder, which is processed to produce cemented carbide. However, producers have been in a difficult situation recently affected by rised raw materials and continued weakness in the demand side. for the tungsten powder market, as orders from downstream alloy manufacturers do not increase, powder price kept unchanged. In the short term, participants mainly wait for the next move in the market. 

Prices of tungsten products on June 1, 2021

Picture of tungsten wire 

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