China’s APT Price Stabilizes on Weak Demand Side

Details: Category: Tungsten's News; Published on Monday, 17 August 2020 18:04

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China continue to maintain stability on the weakness both in demand and supply sides under the off-season.

Suppliers in the raw material market have strong rised mentality while buyers are not active to purchase products. Intermediate traders and speculators take a watchful stance, focusing on the continuity of cost support, as well as environmental protection, climate, epidemic, geo-risk, policy and other news that have caused turbulence in the domestic and foreign economic and trade environment and industry supply and demand patterns.

The overall recovery of China's economy continues to improve in July 2020, the auto market is gradually recovering, and production and sales have continued the momentum of recovery since the second quarter, showing rapid growth. In July, the production and sales of automobiles were 2.201 million and 2.112 million, an increase of 21.9% and 16.4% respectively. From January to July, the production and sales of automobiles were 12.314 million and 12.365 million, a year-on-year decrease of 11.8% and 12.7% respectively, according to the date of the Ministry of Industry and Information Technology.

Prices of tungsten products on Aug. 14, 2020

APT price image