China’s APT Export Price Flat Amid a Quiet Market in Early December, 2021

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains unchanged in the week to Tuesday December 2 amid a quiet market. As the last month of 2021, the capital flow, stocking situation and the spread of Omicron variant received much attention.

As for the export market, exporters of ammonium paratungstate (APT) kept their spot offers stable amid slow conditions after foreign buyers took to the sidelines upon noticing weakness in China’s domestic market.

China-based market sources said they would keep their export price flat until overseas buyers started to show real buying intention. Overseas inquiries for APT were very limited in the past week. The prices suggested by some buyers abroad were too low to be accepted. Thus, traders would rather not make offers or just keep offers unchanged. In addition, another reason for stable offer is that they are confident in overseas demand, thus are not willing to cut prices.

Prices of tungsten products on December 3, 2021

APT export price image

Picture of tungsten trioxide 

tungsten trioxide image

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