China’s APT Price Is Strong in Early August on Firm Costs

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices are unchanged from the previous trading day when fundamentals and external news have not been significantly updated. The supply and demand on the market are still in a stalemate and holders are willing to support the market. 

With local geopolitical risks arousing cautious attention in the market, combined with the influence of overseas inflationary atmosphere and financial pressure, the price of tungsten products remained stable after a slight increase, and the high transaction volume was relatively limited.

The price of tungsten concentrate is tested at $17,846.2/ton and stockholders generally maintain a positive attitude. However, with the recovery of profit margins, the willingness to ship at high offers has increased, but the downstream terminal receiving goods are still on demand. 

APT price hit $306.0/mtu, and the market cost is strong, including the cost of raw and auxiliary materials under the influence of energy shortage and imported inflation, and the cost of environmental protection under the background of low-carbon economy. At the same time, market demand pressure has not been effectively alleviated, the epidemic and the impact of the off-season since the second quarter still exist, and the high-level trading of the APT market is limited.

The price of tungsten powder is tested at $41.5/kg. The game situation between the upstream and downstream of the industrial chain is still the same. Raw material sellers reluctant to sell and the market low-level resources are hard to find; while the consumption performance of the alloy side has not yet improved significantly. The short-term powder market is expected to have prices but no sales. 

Prices of tungsten products on August 11, 2022

Picture of tungsten acid 

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