China’s APT Price Keeps Firm in Late March on Increased Processing Cost.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market maintain stability at the end of March, 2022 as most participants take a watchful stance. 

The actual output on the supply side is stable on the whole, but due to the sentiment of stockholders who are reluctant to sell, resources in the spot market are limited. The demand side remains weak, and the back-end stocking sentiments are slightly different under the cost pressure. Orders for stocking in advance are fewer. On the macro side, the market still faces complicated and challenging circumstances both in and outside of China. The conflict between Russia and Ukraine has exacerbated global inflation pressure and the risk of supply chain disruption. The epidemic has repeatedly suppressed the recovery of manufacturing consumption and the recovery of logistics capacity.

In the tungsten concentrate market, mining enterprises are will to support the market despite some of them consider profit-taking. Most offers hover around $19,354.8/ton with few transactions; APT price stands at about $333.5/mtu with the support of new guide prices from listed tungsten companies and increased processing cost. 

In the tungsten powder market, under the pressure of intensified global inflation and rising prices, some alloy companies are more eager to stock up in advance. However, under the risks of geography and epidemic and high cost of raw material cobalt powder, the enthusiasm of terminal consumption has slowed down.

Prices of tungsten products on March 30, 2022

Picture of tungsten acid 

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