China’s APT Price Stabilized While Concentrate Price Edged up in Late October

Details: Category: Tungsten's News; Published on Monday, 01 November 2021 15:56; Written by Shuxia; Hits: 749

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, October 29, 2021 as the market was still in a stalemate. With the country taking action to ensure energy supply and price stability, expectations that the prices of raw and auxiliary materials will fall and stabilize in the market outlook increase, and the tungsten market will gradually return to its normal trend.

High-grade tungsten concentrate price hovered around $18,095.2/ton with quiet trading atmosphere. At present, the pressure of mine supply and funding is still under control. It is expected that the environmental protection and safety requirements during the Winter Olympics will be further improved. However, demand expectations are still weak. The epidemic has repeatedly interfered with the consumption of downstream terminals and buyers would be cautious.

The price of APT continued to stand at $313.9/mtu, and the performance of market orders is not as good as the psychological expectations of smelters. The main supporting factors for product prices stem from the sharp increase in raw and auxiliary materials such as caustic soda and sulfuric acid, as well as the suppression of smelting enterprises' production capacity under the dual-control policy of high energy consumption. However, the official energy price regulation will gradually stabilize manufacturing costs,

Tungsten powder price stabilized at 442.1/ton. It is difficult for the price increase of alloy products to be transmitted to downstream terminals. At present, the confidence of buyers and sellers is divergent. Most participants mainly take a watchful stance for the continuity of raw material price support and the repeated interference of the epidemic on manufacturing demand.

Prices of tungsten products on November 1, 2021

APT price image