China APT Market Remains Weak due to Less Pressure of Energy Cost

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten bar prices remain weak adjustment in early November, 2021 due in part to less pressure of energy cost. As the demand does not improve, most participants hold cautious sentiment.

In the tungsten concentrate market, given global inflation plus with domestic dual-carbon vision, the future pressures on prices, labor, and environmental protection costs faced by miners will be more severe. The impact of off-peak electricity consumption measures on downstream terminals is more obvious than that of mining companies. Buyers are not enthusiastic about receiving goods, and market transactions are stagnant.

In the APT market, as China has introduced a series of measures to maintain supply and stabilize prices, coal prices have gradually returned to a reasonable level. Falling energy costs and the impact of supply recovery is expected to cool the caustic soda market, and the cost pressure of the APT market will also slightly be eased.

In the tungsten powder market, smelting companies still face the pressure of price inversion, but the market is difficult to transmit to the downstream of the industrial chain. The expected poor downstream consumption in the fourth quarter, coupled with repeated epidemics, shipping congestion, and the instability of monetary policy, the demand is hard to increase and downstream users are not willing to take receive goods.

Prices of tungsten products on November 4, 2021

Picture of tungsten powder 

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