The APT Market in Europe Faced Losses over June

Details: Category: Tungsten's News; Published on Wednesday, 19 August 2020 08:40

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) exporters maintained firm offer prices this week ended on Friday August 14, 2020 amid strength in the domestic market, this despite the fact that conditions in the export market itself remain challenging.

Demand for APT in Europe and the United States is still struggling to recover from the effects of Covid-19 but prices might be approaching a floor. The APT market in Europe faced losses over June when prices fell to their lowest since October 2019 while buying appetite outside of China remained weak. The manufacturing disruptions and Covid-19 lockdowns have dampened market demand for tungsten products since the beginning of the year, which has great impact for the markets worldwide.

Prices of tungsten products on August 17, 2020

ammonium paratungstate price image