China’s APT price Increased to $322.8/mtu due to Persisting Supply Tightness

Details: Category: Tungsten's News; Published on Thursday, 17 February 2022 19:23

Analysis of latest tungsten market from Chinatungsten Online

Prices for tungsten concentrate and ammonium paratungstate (APT) in China’s domestic market moved up over the past week amid growing bullishness caused by persisting supply tightness as well as increased product prices of cemented carbide.

At present, tungsten concentrate price tried to rise to $18,730.2/ton; APT price increased to $322.8/mtu and tungsten powder price edged higher to $43.8/kg.

On the supply side, the circulation of spot resources in the market is expected to remain tight in February. On the one hand, the resumption of mining enterprises is limited affected by the holiday; on the other hand, the upgrade of environmental protection and safety management over the use of mining tools and production emissions from smelters during the meeting is stricter.

On the demand side, although alloy enterprises have successively raised product prices, the actual acceptance of consumers is not yet clear. At present, more enterprises consume inventory before the festival, and spot transactions are limited.

Prices of tungsten products on Feb. 15, 2022

APT price image