Chinese Exporters Have Raised Their APT Offers Amid Higher Domestic Prices

Details: Category: Tungsten's News; Published on Monday, 18 October 2021 11:50

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic ammonium paratungstate (APT) and ferro tungsten powder prices keeps firm on October 14, 2021 against the background of insufficient energy supply and soaring raw material prices.

Buyers are generally cautiously in inquiries and stockpiling in the expectation that the global economic growth rate will slow down in the fourth quarter and the manufacturing demand will be under pressure. While sellers have strong rised mentality especially when the policy of dual control of energy consumption was carried out. The whole market deals are limited.

Regarding the export market, Chinese exporters have raised their APT offers amid higher domestic prices, according to market participants. A few sources expressed that they had received “quite a few inquiries” for APT from overseas buyers during and after the National Day break. Deals were also concluded. In the short term, the market would be strengthened.

Prices of tungsten products on October 15, 2021

APT domestic price image