Export Prices for Chinese APT Continued to Tick up in March

Analysis of latest tungsten market from Chinatungsten Online

China ferro tungsten and tungsten powder prices in domestic market declined slightly in the middle of March when participants gradually take a watchful stance. The market outlook remains unclear and insiders are waiting for the release of new guide prices. 

However, export prices for Chinese ammonium paratungstate (APT) continued to tick up, even though domestic trading prices pulled back recently. Some major APT producers reported an active export market and were able to conclude deals between the mid and high ends of the assessed range.

In 2020, China's tungsten exports have fallen significantly because of weak global demand amid Covid-19, and because of production cuts. The country produced 138,612t of tungsten concentrate containing 65pc tungsten trioxide in 2020, down by 5.31pc from 146,380t in 2019, data from the China nonferrous metals industry association show.

Prices of tungsten products on March 19, 2021

Picture of blue tungsten oxide 

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