APT Price in the Chinese Market Stabilizes on Feb. 10, 2022

Analysis of latest tungsten market from Chinatungsten Online

The prices of ammonium paratungstate (APT) and tungsten powder in the Chinese market remain stable temporarily on Feb. 10, 2022 when market trading keeps quiet on the whole. 

In the tungsten concentrate market, mining enterprises will not resume completely before the Lantern Festival, plus with the recent environmental protection has been relatively strict, the supply of raw materials is limited. Suppliers keep firm offers at about $18,730.2/ton. It is worth noting that some traders may consider profit-taking with the market production and trading back to the track, which is expected to affect the focus of the market. 

In the APT market, based on environmental pressure and energy issues, the industry's expectations for the supply and demand fundamentals in the first quarter are still good, superimposed on the firm cost of raw and auxiliary materials, smelters’ sentiment is more optimistic, but as the downstream terminal consumption is still cautious, high-price transactions are rare. 

In the tungsten powder market, factories’ production of single-row is relatively stable, and the cost supports manufacturer's offer at around $43.7/kg. However, downstream users still consume more inventory in the early stage, and new market demand is limited.

Prices of tungsten products on Feb. 11, 2022

Picture of tungsten ore 

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