China’s APT Price Stabilizes in Early June As the Market Remains Quiet

Analysis of latest tungsten market from Chinatungsten Online

The price trend of tungsten products in the Chinese market shows signs of difference in the first trading day of June 2022. On the one hand, the cost side under the inflation continues to be firm, the demand gradually recovers after the effective control of the epidemic, and the package of measures to stabilize the economy in the second half of the year will boost consumption. Therefore, tungsten raw material suppliers have strong rised mentality. 

On the other hand, as the downstream terminal consumption is still weak overall, superimposed on the negative impact of the downturn in the cobalt market, the alloy end has limited enthusiasm for the consumption of raw materials, and the market of tungsten powder and tungsten carbide is still under pressure.

The tungsten concentrate price stalemates at about $17,230.8/ton and sellers are not willing to make shipment. APT price hovers around $299/mtu with cautious sentiment in the market. For the tungsten powder market, the price is very likely to decline under the pressure of high cost and weak demand. 

On the macro level, with the resumption of work and production in areas that have been greatly affected by the epidemic, China's manufacturing purchasing managers' index (PMI) in May was 49.6%, up 2.2 percentage points from the previous month. In the follow-up, with the advancement of a series of measures such as epidemic prevention and control and stabilizing economic growth, the tungsten products industry is expected to release the potential for demand growth.

Prices of tungsten products on June 2, 2022

Picture of tungsten acid 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >