China’s APT Price Showed a 27 Percent Increase Since the Beginning of 2021

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) price continued to rise while prices of tungsten concentrates and tungsten powder maintained stability in the last trading week in September as the soaring energy prices and power cuts have caused concerns about the tight supply of raw materials in the market and the reduction of industrial consumption. 

In particular, alloy consumption has been hit by the epidemic and geological risks for a long time. Under the expectation of weak supply and demand fundamentals, most participants took a watchful stance, waiting for further guidance from the market. 

Looking back at the first three quarters of this year, China’s domestic tungsten price was in the upward trend. The price of 65% wolframite concentrate was adjusted from $13,968.3/ton to $17,460.3/ton, an increase of 25 percent compared with the beginning of the year; APT price rose from $236.8/mtu to $301.3/mtu, an increase of 27 percent; medium particle tungsten powder price rose from $32.9/kg to $40.6/kg, an increase of 17 percent; cobalt powder price increased from $46.3/kg to $70.0/kg, an increase of 51 percent.

Prices of tungsten products on October 8, 2021

Picture of tungsten ore 

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