Ammonium Metatungstate Prices in China Stabilize on Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium metatungstate (APT) prices in China continue to maintain stability, affected by the holiday of the Spring Festival and low trading activity in the market. 

Last Friday, a listing company in Guangdong, China released its offer levels for the second half of January: black tungsten concentrate (WO3≥55%) price was $14,769.2/t, up $46.2/t compared with the first half of this month; scheelite concentrate (WO3≥55%) price was $14,615.4/t, down $46.2/t; APT price was quoted at $265.4/mtu, unchanged from last time. 

In the tungsten concentrate market, mines shut down to undergo repair and sellers have strong rised mentality. But with the approaching of the Spring Festival, downstream is not active in trading. Although the deadlocked supply and demand eases slightly, low buying appetite limits the price rise. Insiders now wait for the next move in environmental protection, economic environment and large tungsten enterprises.

The supply of APT is tight due to low operating rate, plus with the support of raw material side, most manufacturers are reluctant to sell at low prices. Terminal market also remains low buying interest. In the short term, APT price would hover around the offer levels of large tungsten enterprises.

Prices of tungsten products on Jan. 30, 2019

Picture of tungsten powder 

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