China’s APT Market Is Weak Without the Support of Raw Material Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains weak adjustment on November 15, 2021 as traders received few inquiries from overseas markets and domestic demand also keeps weak. 

The tungsten concentrate market mainly stabilizes given cost factors and resource value assessment. Suppliers are not willing to negotiate for profit. However, due to the weak influence of terminal demand, it is difficult to sell the goods in the market. The price is expected to be around $17,619.0/ton in the short term. 

The APT market is weak. Energy supply and price stabilization measures have achieved remarkable results. The price adjustment of raw and auxiliary materials has led to a weakening of the driving force supporting the rise in the market. In addition, the consumption of downstream users has decreased, and the overall trading price reduces. 

The tungsten powder market is consolidating. The increased supply of raw materials and poor demand have put a lot of pressure on enterprises. Considering environmental protection and other cost factors, the market is not likely to fall sharply. The short-term offer is deadlocked at about $41.7/kg. 

Prices of tungsten products on November 16, 2021

China tungsten price image

Picture of tungsten concentrate 

tungsten concentrate image

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