China's APT Market Is Recovering on Active Inquiry from Downstream

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) market is showing signs of a recovery after prices climbed to around $209.40 per mtu this week, having held closer to $199.4 per mtu for approximately a month. At the same time, prices in the upstream tungsten concentrate are said to be on a similar upward trajectory.

Chinese APT producers have been in a difficult situation in recent months, dealing with elevated raw material prices, weak downstream demand and a sluggish export market. Indeed, several APT refineries in the country either suspended operations or cut output as a result. 

Consolidating at $199.4-$202.7 per mtu for around a month, participants believe that the APT market has formed a strong base and that a round of purchases from the downstream tungsten powder industry triggered the recent price increase.

Prices of tungsten products on July 29, 2020

Picture of tungsten trioxide 

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