China’s APT price Stabilizes in Early May as Traders Consider Profit-taking

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices in China continue to remain stable in the first trading day after the holiday of Labour Day from May 1 to May 5 on cautious sentiment of participants with rare transactions reported in the market. 

As the month-long environmental checks in major tungsten producing areas will soon come to an end, raw material suppliers are more willing to sell their products while downstream end users still are not active. The pattern of supply and demand may change at that time and the market would stabilize in the short term. 

Tungsten concentrate price hovers around at $15,555.6/t but deals are limited; APT price is about $263.7/mtu and some traders consider profit-taking; tungsten powder price drops to $36.5/kg as downstream alloy producers delay their purchasing plans. 

Prices of tungsten products on May 7, 2021

Picture of scheelite concentrate

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