China’s APT Price Remains Weak in Early November on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to remain weak on November with the impact of slight decline in new guide prices from listed companies for the first half of this month. 

The price of tungsten concentrate hovers around $17,777.8/ton, but deals are difficult to be concluded. Sellers have strong rised mentality while end users remain cautious sentiment. In the medium and long term, it is expected that the dual-carbon target will stimulate the rational allocation of market resources, and new energy and smart manufacturing are also expected to promote the release of domestic consumption potential.

APT price is deadlocked at $308.5/mtu. The cost support caused by the increase in raw and auxiliary materials in the early stage has been gradually digested by the market. As the supply of coal and other energy sources gradually stabilizes, the market demand gradually gains the upper hand. Some manufacturers are willing to reduce their prices and low-price resources increase in the market.

The price of tungsten powder is weak at $41.9/kg. Recently, the support of raw materials has been slightly loosened. The consumption of back-end alloys and their products is still affected by related measures such as the international epidemic and domestic power restrictions, and orders are limited.

Prices of tungsten products on November 10, 2021

Picture of tungsten ore 

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