China APT Price Is Weak Due to Persistent Weakness in Overseas Markets

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment when the cost side is the only support for the market. Low-price resources decrease and downstream demand continues to be weak. The tungsten market is quiet with low transactions concluded. 

China’s Xianglu Tungsten released its new offers for the first half of November: 55% black tungsten concentrate price was $12,661.5 per tone, down $107.7 per tone compared with the second half of October; 55% scheelite concentrate price was $12,507.7 per tone, down $107.7 per tone; APT price was $219.4 per mtu, down $2.3 per mtu. 

Sellers in the tungsten concentrate market have strong rised mentality but still face pressure of shipment. The APT and tungsten powder market is restricted by persistent weakness in the overseas markets. With the impact of stress of cost and capital side, buyers and sellers have different psychological prices for transactions. In the short term, insiders will tend to take a watchful stance.

Prices of tungsten products on November 13, 2020

China APT price image

Picture of tungsten powder 

tungsten powder image

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