China’s Ammonium Paratungstate Price Continue to Stabilize in the Middle of December 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to stabilize in the middle of December 2023. The market direction remains unclear, with no clear news. 

On the supply side, influenced by factors such as national environmental regulations, companies reducing production, and reluctance to sell at low prices, there is a predominant intention to support the market. On the demand side, against the backdrop of a complex international environment, prominent pressure from shrinking external demand, and the yet-to-be-fully-realized potential of domestic consumption, there is a low willingness to actively accept goods. The market continues to engage in negotiations with ongoing transactions.

In the tungsten concentrate market, the high-grade resource is testing above $17,428.6/ton, but actual transactions are limited. Traders are holding a supportive stance and observing future consumption progress, with a slight increase in year-end shipment intentions.

In the APT market, the mainstream focus remains around $292.2/mtu, with lingering pressure from smelters and cautious sales due to careful production operations. The mainstream market is in a sideways consolidation and wait-and-see mode.

In the tungsten powder market, the price is consolidating around $38.9/kg. There is a strong atmosphere of market speculation, and the relatively sluggish consumption in the alloy market is at odds with the bullish sentiment in the tungsten raw material market. Actual transactions in the market are adjusting based on demand.

In the scrap tungsten market, holders have more confidence in a bullish outlook. The release of market resources is limited, and the enthusiasm for backend consumption is not high, affecting the overall purchasing atmosphere. The market remains stable and cautious, with modest transactions for essential needs.

Prices of tungsten products on December 14, 2023

Picture of 3D printing tungsten alloy collimator

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