China’s Export Prices for APT Rose on a Strengthening Market

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept firm in the week ended on Friday, December 24, 2021 while export prices for ammonium paratungstate (APT) rose on a strengthening domestic market boosted by expectations of an impending drop in the supply of raw materials.

Raw material manufacturers still had strong rised mentality because they believed cost and supply sides are expected to be positive for the market under the pressure of environmental protection after the holiday of New Year’s Day.

However, consumers in China’s domestic market remained cautious. Overseas epidemics, supply chain issues, and the instability of the economic and trade environment are still affecting market consumption enthusiasm. The short-term market will mainly be caught in wait-and-see atmosphere with limited transactions concluded. 

The overseas market remained quiet and that they did not make unsolicited offers to buyers. Some of manufacturers received only a few inquiries from Japan and Europe and raised their offer or chose not to make unsolicited offers.

Prices of tungsten products on December 27, 2021

Picture of tungsten ore 

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