China’s Ammonium Paratungstate Price Declines Slightly in Early July

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) price declines slightly while ferro tungsten and tungsten powder prices remains unchanged on July 5, 2022. With the impact of the decline in new guide prices for the first half of July, market confidence was weakened to some extent and trading activity is low. 

Xiamen Tungsten’s APT bid price for the first half of this month was $286.8/mtu, down $1.7/mtu compared with the second half of June 2022. 

In the tungsten concentrate market, holders are not willing to negotiate at low price, smelters and downstream customers also are reluctant to accept high-price products. Therefore, the trading in the market is hard to increase and offers mainly hover around 416,769.2/ton.

In the APT market, the pressure of global energy supply continues to reflect on the price of raw and auxiliary materials and the processing cost of smelters. At the same time, the fear of economic recession caused by high global inflation is also gradually reflected on the weak consumption of commodities. The production pressure of APT is relatively high. At the end of June, production reduction and maintenance began, the market liquidity was slow, and the mainstream offers declined to $290.3/mtu.

In the tungsten powder market, cemented carbide enterprises are not very high enthusiastic about taking the initiative to receive raw materials, and the pressure on the market has increased. The off-season demand affects the spot market and it is hard to increase market offers now. 

On the macro level, S&P lowered its forecast for China's GDP growth in 2022 to 3.3%, compared with 4.9% and 4.2% in March and May respectively; the growth forecast for emerging market economies excluding China in 2022 is maintained at 4.1%, unchanged from last time.

Prices of tungsten products on July 6, 2022

Picture of tungsten needles 

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