Xiamen Tungsten Declined its APT Bid Price for the First half of November
- Details
- Category: Tungsten's News
- Published on Thursday, 04 November 2021 09:42
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and ferro tungsten powder prices continue to remain stable in early November, 2021 affected by the instability in the macroeconomic and trade environment, repeated epidemics, global inflation and energy shortages.
The tungsten concentrate market generally maintains stability. The global energy problem in winter may continue to interfere with the upstream and downstream of the tungsten industry chain. The cost pressure of mines is still severe, and the willingness to cut price is not high. At present, deals are hard to be concluded in high prices.
APT market seems weak mainly due to limited orders in the fourth quarter, poor mentality of merchants, and increased sentiment of shipments in operation. But the profit margin of the market is still restrained by costs, and market transactions have not shown a significant rebound.
Xiamen Tungsten quoted its APT bid price at $306.7/mtu for the first half of November, a slight decline of $1.8/mtu compared with the second half of October.
Prices of tungsten products on November 3, 2021
Picture of tungsten ore
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