APT Offer in the Chinese Market Stabilize Due to Low Overseas Demand

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices continue to remain stable on July 20, 2022 as market participants are still worried about the uncertainty of the epidemic, the conflict between Russia and Ukraine, inflation and other uncertainties. 

The favorable effects of domestic policy support have not been fully released and overall manufacturing demand has been released finitely under the recent high temperature. In the short term, the whole market will remain quiet and high-price transactions are rarely to be concluded. Insiders will wait for the new guide prices from listed tungsten companies. 

The price of tungsten concentrate is temporarily stable at the level of $16,923.1/ton and spot circulation is limited. On the one hand, mining companies mainly intend to support the market due to cost support; on the other hand, the demand of downstream users is limited, and the pressure of price inversion is significant. 

The APT offer was tried to raise to $295.5/mtu despite of low trading appetite. Traders are mostly passive and smelting factories remain low operating rate in the off season. 

The price of tungsten powder has been consolidated at around $39.2/kg. Buyers and sellers are negotiating and the demand for alloy ends is limited. Tungsten market powder is mainly stable affected by the stabilization in raw material market. 

Prices of tungsten products on July 21, 2022

Picture of blue tungsten oxide 

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