China APT Market Stabilizes with the Approaching of Spring Festival

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in the Chinese market continue to maintain stability in early February with the support from good confidence of upstream sellers. Meanwhile, downstream still is worried about the weakness in the demand side. 

In the tungsten concentrate market, sellers’ psychological prices stand above $14,285.7 per ton despite of poor liquidity. Most factories start to stop production for the holiday of Spring Festival and market trading declines. 

In the APT market, the psychological prices of smelting factories are about $247.5 per mtu, no deals were reported. Now spot resources in the market are tight when factories gradually stop production to undergo repair or for the holiday.  

China’s Xiamen Tungsten’s offer for APT for the first half of February, 2021 was $241.2 per mtu, up $3.6 per mtu from the second half of December, 2020. 

Prices of tungsten products on February 3, 2021

ammonium metatungstate price image

Picture of tungsten needle 

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