Chinese APT Producers Are Dealing with Elevated Raw Material Prices and Weak Demand

Details: Category: Tungsten's News; Published on Monday, 24 May 2021 18:43

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable on May 20, 2021 as participants hold cautious sentiment and buyers remain low buying appetite. Now raw material suppliers do not adjust their offers, waiting for new round of guide prices for the second half of this month.

Deals in the tungsten concentrate market are hard to be concluded. On the one hand, mining companies have not high willingness to sell their products; on the other hand, downstream buyers seem weak in replenishment. In addition, the severe international epidemic situation affects logistics greatly.

Chinese APT producers are also in a difficult situation this month, dealing with elevated raw material prices, weak downstream demand and a sluggish export market. therefore, several APT refineries in the country continue to take watchful stance.

Prices of tungsten products on May 21, 2021

raw material prices image