China’s APT Price Stabilized at $333.5/mtu with Limited Deals Concluded

Details: Category: Tungsten's News; Published on Monday, 18 April 2022 18:59

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, April 15, 2022 with continued cautious sentiment of participants under many instabilities in the world.

In the tungsten concentrate market, environmental protection and safety requirements are expected to continue to increase, global inflationary pressure is difficult to ease in the short term and logistics capacity is still suppressed by repeated epidemics and conflict events. Therefore, the market is expected to be firm.

In the APT market, some manufacturers kept firm offers while some of them considered profit-taking. The price stabilized at $333.5/mtu with limited deals concluded.

In the tungsten powder market, the epidemic and the conflict between Russia and Ukraine have continuously or intermittently impacted the global supply chain, affecting the production and sales of industrial manufacturing. Tungsten powder and tungsten carbide are important raw materials for "industrial teeth" cemented carbide. The synchronization of supply and demand has been tested, the market is intertwined with positive and negative factors.

Prices of tungsten products on April 18, 2022

APT price photo