China’s APT Price Declines Slightly in Early November under the Covid-19

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market are in the downward trend in the first half of November because of the decline in cost and weak buying appetite of downstream end users. 

Tungsten concentrate price still hovers around $17,619/ton when buyers and sellers are in a stalemate. Some traders consider profit-taking, resulting in the increase in low-price resources in the market. But actual transactions seem not be improved. 

Ammonium paratungstate (APT) price is about $306.7/mtu as smelters have strong risk of price inversion. Offers of traders mainly refer to new bid prices from listed companies. For the tungsten powder market, orders from alloy and products companies do not increase because the overseas market is unstable under the continued spread of Covid-19. The recent domestic energy consumption dual control measures have also restrained the production of enterprises to a certain extent. 

Prices of tungsten products on November 11, 2021

Picture of tungsten acid 

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