China’s Xiamen Tungsten’s Raised APT Bid Price for the Second Half of February

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in the Chinese market continue to stabilize. On the one hand, with the gradual resumption of mining enterprises and smelting factories, market supply increases and more traders consider profit-taking; 

on the other hand, the recent complex international situation weakens the U.S. dollar but edges higher bulk commodities prices, plus with the impact of global energy and supply chain problems leading to high prices of raw and auxiliary materials in the market, cost pressures on production enterprises increase significantly. 

The fundamental contradictions of the tungsten market are prominent, and insiders hold different views towards the outlook. For buyers, some of them continue to keep firm offers, while others are willing to sell their products; for purchasers, they are mainly cautious because the market are facing many instabilities including epidemic, geography, etc. 

Although the new round of tungsten enterprises' long-term contract prices has increased, the adjustment range is mostly based on the fluctuation of spot market conditions in the first half of the month. 

China’s Jiangxi Tungsten quoted black tungsten concentrate at $18,888.9/ton, an increase of $317.5/ton from the first half of February. 

Xiamen Tungsten’s APT bid price for the second half of this month was $322.8/mtu, an increase of $4.5/mtu from the first half of February.

Prices of tungsten products on Feb. 23, 2022

Picture of tungsten copper rod 

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