The Price in the APT Market Increases Slightly in Early December

Details: Category: Tungsten's News; Published on Thursday, 09 December 2021 18:47

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices edge higher on December 8, 2021 despite of a slight decline in new guide prices for the second half of this month.

Manufacturers in the tungsten concentrate market have strong rised mentality and offers hovering around $17,142.9/ton. Miners generally believe that the current strategic resource value of the industry has not been fully realized, and the subsequent low-carbon requirements and economic and domestic demand development are expected to promote the better operation of the market. However, the instability of the epidemic still affects the release on the demand side, and trading on the market is cautious.

The price in the APT market rises slightly and the smelter's intended price is around $297.7/mtu. As the supply of energy and prices of raw and auxiliary materials stabilize, the impact of fluctuations in market costs has gradually eased and inventory pressure has also reduced. Traders are cautious in buying and selling, waiting for further news from the market.

The tungsten powder market stabilizes on the whole with price deadlocked at about $40.6/kg. Traders have slightly different expectations on the market outlook. On the one hand, environmental protection, epidemics, inflation and other factors have increased corporate cost pressures; on the other hand, the epidemic, logistics, economics, trade, geopolitics and other pressures and related regulatory measures affect downstream terminal consumption.

Prices of tungsten products on December 9, 2021

APT price image