China APT Export Price Rose After a Stronger Yuan and Firmer Domestic Market

Details: Category: Tungsten's News; Published on Friday, 11 September 2020 14:03

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices in China are unchanged from the previous trading day on September 10, 2020, keeping in line with the new guide prices from listed tungsten companies.

The tungsten concentrate price keeps firm at about $12,941.2 per tonne with the main support from the cost side. APT price hovers around $217.7 per mtu as smelting factories try to avoid the risk of price inversion but downstream is not active in consumption. The tungsten powder market maintains stability, waiting the next move in the raw material market.

For the export market, APT export price rose again this week after a stronger yuan and firmer domestic market prompted Chinese exporters to raise their offers despite slow demand abroad. Some traders held offer price at $225 per metric tonne unit but most overseas consumers don’t seem to be ready to accept such a price as they would rather wait and see.

Prices of tungsten products on September 10, 2020

APT export price image