High Offers from China Continued to Push Europe APT Prices up in Early January

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ammonium metatungstate (APT) prices in China are expected to stabilize in the short term. Although the supply in the market continue to be tight affected by power limit, environmental protection, a second wave of Covid-19 and low operating rate of factories, most consumers keep cautious sentiment and market activity start to decline. 

At present, some mining enterprises would like to raise their offers to $14,285.7 per tone, but downstream buyers do not accept high-price resources. With the influence of capital shortage and logistic constrain at the end of the year, high-price trading is hard to be concluded.

As for foreign markets, tightening prompt availability and higher offers from China continued to push APT prices in Europe and the United States up at the beginning of the new year. And the trend may continue in the short term considering current market situation in China. 

Prices of tungsten products on January 14, 2020

Picture of tungsten trioxide 

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