China’s APT Price Stabilizes in the Middle of May with Limited Deals Concluded

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, ferro tungsten and tungsten powder prices are unchanged from last week, mainly because insiders' expectations on the demand side are still weak, and the enthusiasm for spot trading on the market is low.

The overall positive news for the tungsten market is limited. In addition to the epidemic and geo-related news, the complex and volatile macroeconomic factors have also attracted the attention of the industry. In the tungsten concentrate market, resource mining control is conducive to the bottom support of the market, but the recent state of inventory accumulation has caused some traders to worry, and the focus of transactions has lowered down. The short-term market price is likely to stabilize at $18,387.1/ton. 

In the ammonium paratungstate (APT) market, most of the on-site trading is based on rigid demand when participants have a strong risk aversion sentiment. At present, APT price is about $315.3/mtu with limited deals concluded. For the tungsten powder market, market price hovers $43.2/kg and the whole trading is low. Most participants take a watchful stance. 

Prices of tungsten products on May 17, 2022

Picture of tungsten ore 

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