APT Price Stabilizes with the Impact of the Russia-Ukraine Conflict

Details: Category: Tungsten's News; Published on Thursday, 10 March 2022 11:26

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium metatungstate (APT) prices remain stable on March 9, 2022 as the market is still in a stalemate affected by international geopolitical and trade conflicts risks.

In the tungsten concentrate market, prices stabilize at $18,871.0/ton supported by the non-renewable nature of tungsten resources and the value attributes of strategic resources. In addition, global inflation and domestic environmental protection and safety measures have increased production costs.

In the APT market, the whole industrial chain is deadlocked. On the one hand, the energy supply pressure on the raw and auxiliary materials has increased, and the recent bottoming and stabilization of mineral prices is also re-creating market confidence; on the other hand, the purchasing enthusiasm of downstream end users is still low, and the external market risk affects the participation activity.

In the tungsten powder market, the spot price is stalemate at around $4.7/kg, and the purchasing plans of end users are made basically on actual needs.

From a macro perspective, the impact of the Russia-Ukraine conflict on metals and their associated markets is still full of uncertainty. For tungsten products, the world's second largest reserve country and third largest producer, Russia, face the possibility of reducing the supply of external resources. Sanctions by Western countries, detention in ports and shipping, risks of international exchange, etc. may all exacerbate this trend.

Prices of tungsten products on March 10, 2022

APT price image