APT Prices Stabilize as the Market Faces Prominent Contradictions Between Supply and Demand

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to remain stable on December 20, 2023, with the main driving factors still rooted in the fundamental supply-demand dynamics. 

Confidence continues to be in a delicate balance between the upstream and downstream sectors of the industry, further heightened by the festive atmosphere. As a result, market trading sentiment is increasingly subdued, and sellers are maintaining stable offers while adopting a wait-and-see approach.

The price of tungsten concentrates is holding at around $17,571.4/ton. High-level sales in the market are challenging, and low-level resources are hard to come by. The psychological price points of buyers and sellers do not align, and actual transactions are carried out based on immediate needs, resulting in limited transaction volumes. The support for tungsten market dynamics still relies on the confidence of suppliers.

APT prices are consolidating around $293.8/mtu. The market faces prominent contradictions between supply and demand, with tight conditions observed both in raw material resources and downstream consumption. Smelters are cautious in avoiding the risk of inverted prices, and the market's trading atmosphere remains subdued. Short-term support from the cost perspective is relatively robust.

Tungsten powder prices are stagnant at around $39.0/kg. Pressure on demand from the alloy sector continues to be released, with limited effectiveness in destocking efforts. Purchasers show a lack of enthusiasm for receiving deliveries or placing additional orders for raw materials. Supplier offers mainly undergo tentative upward adjustments following cost considerations, with actual transactions being limited and competitive bidding.

The market for waste tungsten remains temporarily stable, with relatively resilient attitudes among sellers primarily based on limited resources and cost factors. However, the consumption sentiment in the alloy sector is moderate, inhibiting the overall market trend, and transactions in the market mainly reflect immediate needs.

Prices of tungsten products on December 21, 2023

Picture of tungsten alloy rods 

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