China’s APT Price Stabilizes at the Beginning of the Year 2022

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable at the beginning of the year 2022 as the market is in a stalemate after the holiday of New Year’s Day. With the approaching of the Spring Festival, the supply in the market may reduce and traders mainly pay more attention to the replenishment of downstream. 

Tungsten concentrate price tries to rise to $17,936.5/ton because suppliers are not willing to sell their products and waiting for price increase when more and more enterprises stop or reduce production to undergo repair. But market orders still depend on the attitude of buyers. 

APT price hovers around $308.5/mtu with few deals concluded at high levels. At present, traders have different attitudes towards the outlook. On the one hand, the shortage of the global supply chain has not yet been resolved, and with the background of China’s stricter environmental protection, manufacturers are worried about rising production cost; on the other hand, global logistics and transportation still face challenges under repeated epidemics and China’s economic growth is expected to slow down, insiders concerned that downstream consumption may be delayed. 

The tungsten powder price stands at $41.6/kg when the pressure on the cost side and the demand side coexists. In the short term, the market is expected to be caught in wait-and-see atmosphere before the Spring Festival.

Prices of tungsten products on January 6, 2022

Picture of tungsten trioxide 

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