China’s APT Market Remained Weak with the Continued Spread of COVID-19

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable on the whole on May 19, 2022 as the market faces many instabilities. On the one hand, the manufacturing industry is sluggish under the continued spread of COVID-19; on the other hand, the external environment is still complex and changeable under the geopolitical pressure. 

In the tungsten concentrate market, the downstream terminal demand is still suppressed by factors such as the epidemic, and there is a certain supply and demand contradiction in the market, which affects the trend of the spot market. The short-term market price will stabilize at $17,384.6/ton. 

In the APT market, the sluggish demand has lowered the quotations of products supported by the cost side. The short-term APT price is stalemate at around $297.3/mtu and the spot trading performance in the market is low. 

In the tungsten powder market, affected by factors such as the epidemic and the rainy season recently, the recovery of market consumption has been suppressed, the confidence in the market is limited.

Looking at the market outlook, the industry's expectations for the steady growth of infrastructure throughout the year remain unchanged. With the zero-Covid in various parts of the country, the overall market demand can be expected to recover. It is expected to resonate with cost-side factors to support the bottom of the tungsten product market. In the short term, insiders   will pay attention to the recovery of consumption in manufacturing industries such as automobiles, as well as news related to the international economic and trade situation.

Prices of tungsten products on May 20, 2022

Picture of tungsten rod 

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