APT Price in China Continues to Rise due to High Production Cost
- Details
- Category: Tungsten's News
- Published on Tuesday, 02 March 2021 09:18
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten, tungsten powder and ammonium metatungstate (APT) prices in China continue to pick up on February 25, 2021 when production cost of companies is raised and sellers have strong rised mentality despite of rare transactions reported.
Affected by the increase in costs of raw materials, labor, environmental protection and epidemics, downstream alloy tool companies have raised their product prices recently. However, insiders generally expressed that the increase in product prices does not mean an increase in business profits. In the short term, market participants will still focus on the movements of demand and economy.
In January 2021, the national ex-factory prices for industrial producers rose by 0.3% year-on-year and 1.0% month-on-month; the purchasing prices for industrial producers rose by 0.9% year-on-year and 1.4% month-on-month. Among the purchase prices of industrial producers, the price of ferrous metal materials increased by 8.7% year-on-year and 3% month-on-month; the prices of non-ferrous metal materials and wires increased by 8.3% year-on-year and by 1.6% month-on-month; the prices of fuel and power fell by 4.8% year-on-year, and increased by 3.3% month-on-month; the price of chemical raw materials fell by 1.3% year-on-year and rose by 1.1% month-on-month.
Prices of tungsten products on February 26, 2021
Picture of tungsten carbide powder
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