China’s Ammonium Metatungstate Price Stabilizes on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices maintain stability in the first trading day of March due in part to the gradual release of raw materials despite of continued weakness in the demand side. 

The whole domestic tungsten market is weak, fortunately, gains support from the tight supply in overseas markets. In the short term, insides will mainly take a watchful stance, waiting for the latest news of the relationship between Russia and Ukraine as well as upcoming guide prices from Tungsten association and listed tungsten companies. 

Recently, the conflict between Russia and Ukraine has caused global concerns about the supply of energy materials including oil, natural gas, and coal, metal resources such as steel, tungsten, rare earth, aluminum, copper, nickel, and palladium, as well as food crops such as wheat, corn, and rapeseed. The overseas tungsten market is also under the pressure of tight resources and high costs, which boosts domestic market’s sentiment. Tungsten prices are temporarily stable in the short term, and trading is still cautious. In the medium and long term, Chinatungsten will continue to pay attention to macro risks and both supply and demand sides.

Prices of tungsten products on March 2, 2022

Picture of tungsten ore 

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