China’s Ammonium Paratungstate Price Stabilizes Affected by the Holiday of Chinese Spring Festival

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market continue to be stable as the market is greatly affected by the holiday of Chinese Spring Festival. 

Regarding the market after the Spring Festival, participants in the raw material market are mostly optimistic. On the one hand, the overall market supply is expected to be tight before the end of the two sessions in March; on the other hand, the pressure on energy supply in winter is still exists. Superimposed on environmental protection and some monetary stimulus measures, the cost side is expected to offer strong support. 

The sentiment of downstream terminals is relatively cautious. The spread of the epidemic and extreme weather events affect the global economic recovery, and the consumption initiative of tungsten products will also be affected. Therefore, the acceptance of consumers after the price increase of cemented carbide products still needs to be verified. Before the Spring Festival, the tungsten market was in a cautious situation as a whole, and the enthusiasm for the transaction slowed down. Insiders are waiting for the guidance from listed tungsten companies.

Prices of tungsten products on January 21, 2022

Picture of tungsten ore 

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