China’s Exports of APT Dropped Sharply in May Due to Covid-19

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate(APT) prices in the Chinese tungsten market maintain stability due to deadlocked supply and demand in the market and unclear outlook of the economy. Moreover, the July and August are the traditional off season, which discourages the confidence of the whole industry.  

China’s exports of APT dropped sharply in May due to reduced demand abroad given the spread of the Covid-19 pandemic worldwide. The country exported around 76.5 tonnes of APT in May, a decline of 81.4% from the 412 tonnes shipped in the same period of 2019 and a drop of 39.6% from the 126.7 tonnes shipped in April 2020, according to Chinese customs data.

Market participants expressed that such a small volume of exports did not surprise them at all, considering the serious pandemic situation in other regions of the world.

The export data for May actually reflects the sluggish demand in April, when countries in Europe, North America and East Asia were struggling to deal with the virus and many countries had declared a state of emergency. The export volumes in May were poor and could be even worse in June because Chinese exporters received very few overseas markets. 

Prices of tungsten products on July 8, 2020

APT price image

Picture of tungsten trioxide 

tungsten trioxide image

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