China’s APT Export Price Remained Flat in a Quiet Overseas Market

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price tended to stabilize after a slight increase in early the week began on Monday Dec. 6, 2021. With the impact of negative bid prices released by state-owned tungsten companies, participants became cautious. 

In the tungsten concentrate market, based on the dual-carbon vision and the fact that the scarcity of non-renewable resources has increased year by year, miners are still bullish on the market outlook. However, given on the expected decline in GDP next year, the instability of the epidemic, and the macro economic and trade environment, the industry has concerns about the release of future demand. 

The price of APT stood at about $297.7/mtu as insiders’ confidence was boosted by increased stocking up at the end of the year. Some traders also offered a slight upward test, but the acceptance of buyers was limited. The export price remained flat in a quiet overseas market. Chinese exporters rarely received inquiries from abroad and preferred to keep export price assessments stable due to the strengthening of the domestic market.

Tungsten powder price stabilized at $40.6/kg because he upstream and downstream had different views toward the outlook. The raw material manufacturers still kept firm offers with the support of cost and supply sides while the demand was not active due to the epidemic, economic and export pressures. Recently, alloy products are affected by the cost pressure of raw material cobalt resources, and the willingness to increase prices after the year is high.

Prices of tungsten products on December 13, 2021

Picture of tungsten concentrate 

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