China’s APT Price Stabilized in May on Increased Supply of Raw Materials

Details: Category: Tungsten's News; Published on Monday, 17 May 2021 19:02

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten concentrate prices maintained stability in the week ended on Friday, May 14, 2021 with the support of increased bid prices from tungsten companies for the first half of May and strong metal prices in domestic market.

Raw material suppliers had strong rised mentality and low-price resources were difficult to be found in the market. Smelting factories expressed that they are facing great pressure than before because the supply of upstream raw materials is tight but the demand side is lukewarm.

After the end of environmental checks, the supply in the market increased. Tungsten concentrate price hovered around $15,396.8/t with limited market transactions concluded. The APT price still kept stable at $263.7/mtu due to deadlocked supply and demand. And for the tungsten powder market, price was adjusted slightly due to weak demand from downstream alloy products. In the short term, the market is expected to stabilize.

Prices of tungsten products on May 17, 2021

China APT price image