China’s APT Price Climbs in the First Trading Day in April

Details: Category: Tungsten's News; Published on Friday, 02 April 2021 15:05

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market climb in the first trading day in April boosted by environmental protection inspection and production cost. but the whole market trading is limited.

In the tungsten concentrate market, China’s environmental checks increase costs and reduce production to some extent and suppliers raised their strong rised mentality. Most offers stand at about $15,079.4/t. At present, traders are cautious as the demand side face many instabilities, such as the COVID-19, geopolitical risks.

In the APT market, smelting factories remain low operating rate and buyers remain low buying appetite. APT price hovers around $254.7/mtu with rare deals reported. As for the tungsten powder market, downstream alloy companies are not active in inquiry while some traders are will to purchase products as they think the price may be at the bottom. The short-term powder price may stabilize at $34.6/kg.

Prices of tungsten products on April 2, 2021

China APT price image