APT Prices in China Stabilize When the Demand Side Is Weak

Details: Category: Tungsten's News; Published on Monday, 25 May 2020 18:03; Hits: 897

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China continue to show signs of rise because raw material sellers have strong rised mentality despite of the weakness in the demand side. Now, most market participants are focusing on the new guide prices from the market.

In the tungsten concentrate market, miners are reluctant to sell at current prices because they are already below their costs of production and participants therefore expect the concentrates price to remain within the current range in a slow market.

The APT market is facing a similar situation. APT plants can neither purchase cheap concentrates nor sell APT at higher prices. Thus, they prefer to store their products in warehouses, expecting the market to move up when the Covid-19 pandemic in overseas markets might be brought under control soon.

Prices of tungsten products on May 22, 2020

APT prices image