Xiamen Tungsten Raised APT Bid Price to $297.7/mtu for the Second Half of December

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are in the steady upward trend on December 21, 2021 when the new guide prices for the second half of this moth increase slightly as expected, supporting market confidence to some extent.

In the tungsten concentrate market, high-grade concentrate price rises to $17,460.3/ton affected by raised bid prices of listed companies. Although the demand side has not improved significantly, under the influence of factors such as environmental protection and inflation, miners and enterprises still hold bullish expectations. 

In the APT market, the sentiment of the raw material market and the support of the cost side have driven the market's rising sentiment. Smelting factories try to raise their offers to $304.9/mtu, but buyers still tend to be cautious and thus market trading is limited.

China’s Jiangxi Tungsten quoted high grade concentrate at $17,460.3/ton, an increase of 476.2/ton compared with the first half of this month; Xiamen Tungsten’s APT bid price was $297.7/mtu, an increase of $6.3/mtu from the first half of this month and back to the level of the second half of November.

Prices of tungsten products on December 22, 2021

Picture of ammonium paratungstate

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