Tight Supply in China Pushes Concentrate and APT Prices Upward

Details: Category: Tungsten's News; Published on Friday, 02 July 2021 16:59; Written by Shuxia; Hits: 470

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten market is experiencing a tight supply of concentrate and ammonium paratungstate (APT), pushing prices for both products upward and leading some participants to expect the market to begin a new uptrend.

The supply shortage has forced Chinese APT exporters to either raise their offer prices or suspend trading entirely. Traders may only sell limited quantities of APT when responding to each inquiry to maintain his business relations with as many overseas buyers as possible. Even when prices were raised if there were overseas inquiries, some buyers quickly confirmed their orders within the day without any bargaining.

Actually, some traders have not abundant materials in hand, and it is hard to source for it from the market now. therefore, most manufacturers are reluctant to sell products and wait for further upward.

Prices of tungsten products on July 2, 2021

APT price image