China’s Xiamen Tungsten Raised APT Offer for Early January, 2021

Analysis of latest tungsten market from Chinatungsten Online

The tungsten power and cesium tungsten bronze prices in China keep firm in early January, 2021 when new offers for ammonium metatungstate (APT) from listed tungsten companies were raised above $233.2 per mtu. 

For the supply side, power limit of factories, plus with some smelting factories stopping production to undergo repair, raw materials are available tightly. For the demand side, consumers consider re-stocking and market inquiries increase. The strong rised mentality of sellers and relatively balanced relationship between supply and demand after the holiday of New Year’s Day have boosted market confidence. In the short term, the market is expected to be strong. 

China’s Xiamen Tungsten release its APT offer at $231.4 per mtu, up $2.7 per mtu compared with the second half of December, 2020.

Prices of tungsten products on January 6, 2020

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