China’s APT Price Keeps Firm Despite the Market Faces Many Uncertainties

Details: Category: Tungsten's News; Published on Tuesday, 18 January 2022 19:18; Hits: 345

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability when trading activity is low in the market with the approaching of the holiday of Chinese Spring Festival.

Factors such as environmental protection and energy shortages intensified smelters' concerns about cost pressures, while factors such as repeated epidemics and geographical conflicts continued to affect the release of downstream terminal demand, therefore, insiders are generally cautious about the trend of the tungsten market after the Spring Festival. This week, participants are waiting for the new guide prices from major tungsten companies.

Tungsten concentrate price hovers around $18,095.2/ton with wait-and-see atmosphere caught in the market; APT price stands about $313.9/mtu and deals are rare because the scarcity of primary products such as energy materials and ores has exacerbated market cost pressures, while downstream terminal consumption still faces uncertainties such as economic shocks and extreme climate events; offers for tungsten powder are relatively chaotic. Some enterprises consider profit-taking considering the current quiet market.

Prices of tungsten products on January 18, 2022

China APT price image