China Ammonium Paratungstate Price Is Weak on Destocking

Analysis of latest tungsten market from Chinatungsten Online

Prices for tungsten concentrate and ammonium paratungstate (APT) remained weak adjustment in the second half of March with traders eager to offload stocks because of a short-term rise in suppliers from major mining companies.

In addition, the lower-than-expected reference prices from listed companies and tungsten association have weakened market confidence and promoted traders to destock at lower prices. 

Many cemented carbide manufacturers, the major consumers of tungsten feedstock, are still focusing on fulfilling orders signed before the holiday of Spring Festival, and have slowed down their purchasers. But they are expected to return to the feedstock market for replenishments in the coming months, which may boost market demand. In the long term, market price is expected to rebound.

Prices of tungsten products on March 26, 2021

Picture of tungsten powder 

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