China’s APT Price Increases to $317.5/mtu in the Middle of January

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices remain stable on January 19, 2022 as raw material manufacturers still have strong rised mentality when they are optimistic about the new guide prices released by listed companies for the second half of this month. 

Concentrate offers were tried to be raised above $18,254/ton but deals are hard to be concluded. Before the Spring Festival, the slowdown of downstream terminal consumption was alleviated by tightening supply and high costs. At the end of the Lunar New Year, some mines and smelting equipment were shut down for maintenance, superimposing the cost pressure caused by insufficient energy and environmental protection. Most traders hold cautious sentiment. 

APT price increases to $317.5/mtu. Before the Spring Festival, the market start-up status and consumer sentiment both declined. The overall trading in the market is mainly cautious. The holiday atmosphere affected the sluggish spot liquidity. The market outlook is concerned about the power and coal supply issues and the possible impact of extreme weather events on energy costs. At present, there are still differences in the psychological expectations of buyers and sellers.

The price of tungsten powder is stalemate at around $43.2/kg, with a slight increase in some parts. The market sentiment of raw materials has intensified the market cost pressure. The downstream alloy end consumption remains cautious. The overall purchase and sales enthusiasm before the Spring Festival has weakened.

Prices of tungsten products on January 20, 2022

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >