Chinese Ammonium Paratungstate Prices Stabilize When Supply Increases

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate(APT) and cesium tungsten bronze prices maintain stability on deadlocked supply and demand in the market. With more and more companies coming back to work, the supply of spot goods increases, but due to high production costs and limited inventories, most sellers still are reluctant to sell at low prices. 

Global economic growth will probably be checked in the near term as the coronavirus outbreak disrupts the flow of goods and services in China. Tungsten consumption is closely correlated to global GDP, especially in China, which consumes half of the metal produced. Since the outbreak, travel restrictions and curbs on the flow of goods have lowered expectations for global economic growth. The weaker GDP growth may hit tungsten demand this year. 

Prices of tungsten products on Mar. 6, 2020

Picture of violet tungsten oxide

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