APT Prices in China Continued to Decline in Early November

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China remained unchanged in the week ended on Friday November 1, 2019 because the raw material market and downstream demand side were in the stalemate. In early November, market participants would wait for the new average tungsten forecast prices from Ganzhou Tungsten and offer levels from listed companies. 

In the tungsten concentrate market, the inquiry remained low in the first trading day in November. Although sellers were active in sales, downstream smelting factories waited for lower prices, so market transactions were hardly concluded. Now the prices return back to $13,043.5/t. 

In the ammonium paratungstate (APT) market, the seasonal consumption failed to meet market expectation. The prices bottomed out from the low level in July, but actual demand did not improve, coupled with the uncertainty in the external economy and weakened support from tight supply, APT prices continued to decline below $229.3/mtu. 

The tungsten powder market faced pressure of oversupply. new orders taken by tungsten carbide and product enterprises were rare as downstream users mainly consumed their current inventories. Most insiders were negative about the outlook and transaction prices edged lower.

Prices of tungsten products on Nov. 4, 2019

Picture of AMT 

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