China APT Price Tends to Rise in the Middle of December as Stocking up Increases

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices in the Chinese market maintain stability in the middle of December because new guide prices form state-owned company raised raw material suppliers’ rised mentality. 

The intentional price of tungsten concentrate comes back to $17,460.3/ton despite of continued low psychological price of buyers. The whole market trading is limited, but sellers are still supported by cost factors such as environmental protection and inflation. 

APT price is tentatively approaching $301.3/mtu. At the end of the year, due to the impact of factory maintenance and downstream stocking up, the deadlocked relationship between supply and demand has been eased slightly. Therefore, smelting factories have the willingness to increase their offers and are paying attention to the movement in the demand market. 

Tungsten powder price hovers around $40.8/kg and manufacturers arrange production normally. In the fourth quarter, the consumption of cemented carbide products slowed down compared with the previous period. The recent rise in cobalt powder prices has increased the pressure on business operations, and the market has limited consumption of raw materials. In addition, the industry is generally cautious about macro-level instability.

Prices of tungsten products on December 15, 2021

Picture of tungsten ore 

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