China’s APT and Tungsten Powder Exporters Rose their Offer Prices in June

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder exporters adjusted their offer prices upward in the second half of June, 2021 due to the rise in value of the Chinese yuan and a firm price for concentrate, a feedstock for APT and the rise in bid prices from state-owned tungsten companies. 

From the perspective of supply, affected by environmental protection and manufacturers' unwillingness to sell, there is less outflow of low-priced resources in the market. From the perspective of cost, the cost side remains strong under the epidemic and environmental protection, and the price of raw materials is rising under inflation expectations. From the perspective of demand, the low-season cycle of downstream alloy consumption and the tight and complicated export trade environment have led to inactive performance on the demand.

The World Bank’s Global Economic Outlook predicts that global economic growth will reach about 5.6% in 2021, the fastest growth rate in the past 50 years and the fastest post-recession growth rate in the past 80 years. Thanks to the rapid control of the epidemic, China is currently the fastest growing economy in the world.

Prices of tungsten products on June 24, 2021

Picture of tungsten carbide powder 

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