China APT Export Market Has Turned Quiet Due to Continued Spread of Covid-19

Analysis of latest tungsten market from Chinatungsten Online

Ferro tungsten and ammonium paratungstate (APT) prices in China were stable on Tuesday November 24, 2020 after increased availability of both products in the market prevented prices from extending last week’s gains.

At the same time, the slowly recovering APT export market has turned quiet once more, with China-based sources reporting fewer inquiries from overseas buyers due to the second wave of Covid-19 in European countries such as Italy and UK. 

The Covid-19 is still affecting the tungsten market at home and abroad. On the one hand, the continued spread of coronavirus has slowed down the flow of containers and increased freight costs sharply; on the other hand, the coronavirus in China also face challenges in winter, with overseas cargo infection being the main risk. Insiders worry about the import and export markets and gradually focus on the domestic market, such as new infrastructure, new energy and other consumer ends.

Prices of tungsten products on November 25, 2020

Picture of tungsten acid 

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