China’s APT Price Stabilizes Due to Pressure of Funds Withdrawal

Details: Category: Tungsten's News; Published on Friday, 10 December 2021 15:48

Analysis of latest tungsten market from Chinatungsten Online

Ferro tungsten and tungsten carbide powder prices in the Chinese market maintain stability on December 9, 2021 as the market is caught in heavy wait-and-see atmosphere.

At present, most participants believe the market will stabilize at the end of the year. On the one hand, manufacturers in the raw material market have strong rised mentality; on the other hand, downstream remain cautious and the demand is weak.

The tungsten concentrate price stabilizes at $17,142.9/ton with transactions concluded rarely. However, mining enterprises still have good expectation for the outlook because the environmental protection is still strict.

The APT price is about $297.7/mtu and smelting factories have strong rised mentality. The decline in new guide prices from state-owned companies, plus with sales and funds withdrawal pressure, the market tends to be weak.

For the tungsten powder market, although the strong price of associated cobalt has stimulated the willingness of the tungsten industry chain to support the market, the enthusiasm of downstream users in purchasing and stocking is not active. The overall market is weak.

Prices of tungsten products on December 10, 2021

China APT price image