China’s Xiamen Tungsten Declined APT Bid Price for the Second Half of May

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market decline slightly on May 17, 2022. On the one hand, due to the impact of the epidemic, the demand side has not fully recovered; on the other hand, participants remain low buying appetite affected by the decline in new guide prices for the second half of May 2022. 

China’s Xiamen Tungsten quoted APT bid price at $295.5/mtu for the second half of May, a decline of $10.4/mtu compared with the first half of this month. 

In terms of macroeconomics, the latest data from the National Bureau of Statistics shows that the new downward pressure on the economy has further increased since the beginning of this year, but overall, the fundamentals of China's economy have remained stable and sound in the long run, and the general trend of transformation, upgrading and high-quality development has not changed. From January to April, the added value of industrial enterprises above designated size increased by 4% year-on-year, and the national investment in fixed assets increased by 6.8% year-on-year. Among them, affected by the epidemic, the added value of industrial enterprises above designated size in April fell by 2.9% year-on-year and 7.08% month-on-month.

Prices of tungsten products on May 18, 2022

Picture of tungsten acid 

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