Chinese Ammonium Paratungstate Price Was Weak on Muted Buying Appetite

Analysis of latest tungsten market from ChinaTungsten Online

Chinese ammonium paratungstate (APT) price faltered in the week Friday December 28, while both European and Chinese ferro-tungsten markets were stable due to the end-of-year trading lull.

APT fob price in China moved down due to low overseas buying interest amid falling prices in the domestic market and tungsten concentrate price unchanged. Ferro-tungsten prices in China and Europe were flat week on week. Some suppliers, keen to reduce their inventories for book-squaring ahead of year-end, have offered material at lower prices in an attempt to close a deal. But other suppliers have held back, taking a watchful stance due to fluctuations in the yuan/dollar exchange rate, which could affect the profitability of ammonium paratungstate exported from China. 

Taken together, under the bad trading atmosphere, capital shortage and low trading activity in the Chinese market, tungsten prices will continue to remain weak adjustment. 

Prices of tungsten products on Dec. 28, 2018

Picture of tungsten powder 

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