China’s APT Price Continues its Stability on Quiet Market Trading

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to maintain stability on May 11, 2021 in response to shored up market confidence due to increased bid prices of tungsten companies and strong metal market. 

With the end of month-long environmental inspections, high-grade tungsten raw material price stabilizes at about $15,555.6/t with rare deals reported. Under the interwoven positive and negative factors posed by the recovery of economy and weak demand, the market outlook remains unclear and participants take a watchful stance. 

In the ammonium paratungstate (APT) market, due to limited consumption of end users, smelting factories are hard to raise their offers even though they are face pressure of high cost. in the short term, APT price may continue to stabilize at $263.7/mtu. 

In the tungsten powder market, small and medium-sized enterprises are not active in replenish their inventories and some buyers remain in the bidding. Considering the cost pressure, price adjustment is limited. Now tungsten powder price stands at $36.5/kg.

Prices of tungsten products on May 12 2021

Picture of violet tungsten oxide

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