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

APT price image

Picture of tungsten trioxide 

tungsten trioxide image

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