Low Buying Appetite Weakens China Ammonium Paratungstate Prices

Details: Category: Tungsten's News; Published on Wednesday, 20 November 2019 18:10

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate and tungsten carbide powder prices in the Chinese market remained weak adjustment in the middle of the week owing to low buying appetite. The persistent weakness in the demand side affected the market mentality greatly, coupled with thin market trading and pressure in the raw material side, the market is weak.

Xiamen Tungsten released its new offers for APT for the second half of November: APT was quoted at $212.9/mtu, down $11.5/mtu compared with the second half of this month.

Considering continued weak demand in the fourth season and rare transactions concluded, tungsten concentrate prices seem hard to rebound in the short term. The APT and tungsten powder market also are under pressure affected by the weakness in the raw material markets.

Prices of tungsten products on Nov. 20, 2019

China ammonium paratungstate prices image