China’s APT Price Remains Unchanged in Quiet Market Conditions

Details: Category: Tungsten's News; Published on Wednesday, 26 August 2020 18:11

Analysis of latest tungsten market from Chinatungsten Online

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

The price in the tungsten concentrate market is in the upward trend. Key drivers lie on the tight spot supply of tungsten concentrate in China; cargo holders are reluctant to sell on expectations of further price increases. Market sources say the concentrate price still has room to climb considering an average price for the material of around $12,500 per tonne.

Ammonium metatungstate (APT) price remains unchanged in quiet conditions; limited volumes of resources are available in the spot market because smelting factories remain low operating rate and downstream keeps low purchasing enthusiasm. Now the market is in a stalemate.

Prices of tungsten products on August 26, 2020

APT price image