APT Price Increases Affected by the Rise in Tungsten Forecast Prices in August

Details: Category: Tungsten's News; Published on Friday, 07 August 2020 13:43

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China is in the upward trend thanks to the strong rised mentality in the raw material side but limited transactions concluded. China' Xiamen Tungsten's APT quotation stood at $208.5/mtu, an increase of $4.2/mtu form the second half of July.

In the tungsten concentrate market, sellers have strong rised mentality but the demand side follows up slowly and no deals concluded at high level. Now market participants wait for the new tungsten forecast prices from listed companies.

The APT price was increased with the impact of the upstream market. Smelting factories still face pressure of price inversion and have high willingness of price rebound. As for the tungsten powder market, due to the deadlocked relationship between upstream and downstream but supported by firm offers of raw material side, the market stabilizes.

Prices of tungsten products on Aug. 5, 2020

APT price image