China’s Xiamen Tungsten Stabilizes APT Price for Late November

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate(APT) and tungsten carbide powder prices in China keep stable as tungsten associations’ new average tungsten forecast prices release signs of stabilization for the market. However, due to continued risks in the fundamentals and world trading environment, most market participants remain cautious. 

China’s Xiamen Tungsten released its offer for the second half of November: APT price was $216.4 per mtu, unchanged from the second half of October. 

Miners in the tungsten concentrate market remain stable sentiment, but the liquidity is poor and transaction prices hover around $12,769.3 per tone. The APT market is in a stalemate as smelting factories face pressure of price inversion and capital shortage. As for the tungsten powder market, inquiry becomes active but trading seems not increase a lot. The future trend depends on the demand side.

Prices of tungsten products on November 18, 2020

China APT price image

Picture of APT

APT image

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