Ammonium Metatungstate Prices Continue to Stabilize in August

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and ammonium metatungstate(APT) prices in China maintain stability because upstream is reluctant to sell at low prices considering the cost and profits while downstream seeks for lower purchase prices with poor confidence for late demand. 

In the tungsten concentrate market, high costs caused by the environmental inspection and smelting processing have narrowed the profits of mining enterprises, and the production enthusiasm has declined. The spot market has the possibility of declining grades and reduced production, and under the current situation of weak consumption of downstream users, decreased profits of raw materials will aggravate the market's slumping sentiment. Therefore, most sellers still hold the strong rised mentality. 

The APT market does not benefit from the fundamentals in the industry. Recently, merchants are generally worried about Fanya inventories. The smelting factories do not perform well in sales as downstream enterprises remain weak demand of replenishments. Manufacturers keep low operating rate in order to avoid risk of price inversion.

Prices of tungsten products on Aug. 2, 2019

Picture of tungsten powder 

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