China’s Xiamen Tungsten Declined APT Bid Prices for the Second half of November

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten bar prices keep weak on Nov. 17, 2021 affected by slight decline in new guide prices for the second half of this month. most purchasers remain cautious sentiment and the whole market trading is limited. 

Xiamen Tungsten’s APT bid prices for the second half of this month was $297.7/mtu, a decline of $9.0/mtu compared with the first half of November. 

At present, the tungsten concentrate market is weak. On the supply side, due to environmental protection and logistics constrain, the outflow of low-level resources in the market is limited; on the demand side, repeated international epidemics and economic instability inhibit the enthusiasm of downstream terminal consumption, and the tungsten market demand is still inelastic. 

The APT market is showing a downward trend. The continuous advancement of coal supply and price stabilization measures has suppressed the caustic soda and soda ash market to a certain extent. Factory processing fees have been adjusted, but the profit margin has not expanded. The price of APT products was under pressure due to the significant downward adjustment. 

The tungsten powder market tends to stabilize. On the one hand, it is due to the weakness of the raw material side; on the other hand, it is affected by low demand and the impact of capital pressure. In the short term, related policy adjustments such as the epidemic, environmental protection, power rationing, and the economy are all uncertain factors.

Prices of tungsten products on November 18, 2021

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Picture of tungsten ore 

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