China APT Price Is Lower Than Production Cost Considering Raw Materials Price

Details: Category: Tungsten's News; Published on Monday, 27 April 2020 08:56

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China maintain stability with the impact of weak demand. With the support of high cost, sellers are reluctant to cut product prices and market prices show signs of bottoming out. With the approaching of the holiday of May Day, market participants mainly take a watchful stance.

China’s APT market is in a stalemate. APT plants are stuck in an awkward situation. They can neither purchase cheap concentrates nor sell APT at higher prices. Thus, they prefer to store their products in warehouses, expecting the market to move up in late May or June when the Covid-19 pandemic in overseas markets might be brought under control, according to insiders.

The current APT price is lower than the production cost, considering raw materials prices. With regard to the APT export market, sources said that spot trading remained muted. Only a few traders, who had signed long-term contracts with foreign customers, continued to deliver goods.

Prices of tungsten products on April 24, 2020

China APT price image