Ammonium Paratungstate Export Price in China Stabilized in a Muted Overseas Market

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) export price in China was unchanged in a muted overseas market. Chinese exporters maintained their offers, unwilling to lower prices due to the appreciation of the yuan against the dollar. 

The tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. The price fell by 2.2% week on week and compared with $13,076.9 per tone on October 22. 

At present, the market is still affected by the Covid-19 and geopolitical risks. The export market is expected to be weak in the short term and the demand side will recover slowly. Given that, China tungsten prices will stabilize in late October.

Prices of tungsten products on October 23, 2020

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Picture of tungsten needle 

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