China’s APT Market Is Weak As the Price of Coal Energy Is in the Downward Trend

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s domestic tungsten price maintains stability due to unclear demand side but supported by the high cost. Manufacturers would like to stabilize their offers and buyers remain rigid demand. 

Most sellers in the tungsten concentrate are reluctant to sell their products at low prices now. As the low-carbon economy and energy transition put forward higher environmental protection and safety requirements for smelting companies, miners stick to the bottom line of costs, and the short-term high-grade concentrate price is expected to consolidate $17,142.9/ton. 

The APT market is weak as the price of coal energy is still in the downward trend, restraining the cost of raw and auxiliary materials in the market. now the market price is about $295.9/mtu. The tungsten powder market is under pressure because the consumption of alloy products is still affected by repeated epidemics and the geo-environment. The price hovers around $41.0/kg.

Prices of tungsten products on November 30, 2021

Picture of tungsten ore 

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