China APT Prices Hit 2-year Lows on Slowing Demand in Early July

Analysis of latest tungsten market from Chinatungsten Online

Prices for ammonium paratungstate (APT) and tungsten concentrate in China fell to two-year lows in the week ended on Friday July 12, 2019, with softer-than-expected demand ahead of the upcoming summer lull and ample supply weighing on both markets.

China’s Ganzhou Tungsten Association (GTA) has cut its tungsten price forecasts for July in response to poor market sentiment and the lack of buying appetite which has been seen in the spot market over the past month.

The Chinese APT export market was slow this past week with only a few deals concluded and falling within the latest assessed range. Exporters in China cut their offer prices in line with the persistently lackluster demand in international markets, market sources said. APT demand was still weak from overseas markets at the moment and traders are getting closer and closer to the summer lull. 

Prices of tungsten products on July 15, 2019

China APT prices image

Picture of tungsten powder 

tungsten powder image

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