Consumer Restocking Pushes APT and Tungsten Powder Prices Higher in late December

Analysis of latest tungsten market from Chinatungsten Online

Tightening prompt availability and consumer restocking before the end of the year continue to push APT and tungsten powder prices higher. Spot market activity has picked up in the last two weeks with offers moving up. 

On the one hand, stricter environmental protection inspection, electricity limited and mining quotas have been increased production costs for enterprises and the production of raw material was controlled rationally; on the other hand, the recovery in domestic economy and the rise in new average tungsten forecast prices boosted market confidence and market participants have strong will to raise their offers. 

Concentrate that prices lower than $13,492.1/tone cannot be found as sellers have strong rised mentality due to tight supply at the end of the year. APT price also is in the upward trend despite some factories till worry about the risk of price inversion. For the tungsten powder market, the demand is limited by serious coronavirus situation and buyers remain rigid demand.  

Prices of tungsten products on December 24, 2020

Picture of tungsten trioxide 

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