China’s APT Exporters Hold Offer Prices Firm Even Though Overseas Markets Remain Quiet

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China remain stable on June 9, 2021 as most new guide prices for the first half of this month were unchanged from last time. 

In the tungsten concentrate market, manufacturer’s inventories increase due to poor spot liquidity. Under cost support, economic recovery and inflation risk, miners who are not face great pressure of capital shortage still have strong rirsed mentality. Now concentrate price is about $15,555.6/t. 

In the APT market, affected by deadlocked downstream and upstream, smelting factories remain cautious sentiment to avoid risk of price inversion. However, APT exporters hold their offer prices firm due to expectations for the yuan to continue strengthening against the dollar, even though overseas markets remain quiet.

Prices of tungsten products on June 10, 2021

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