China’s Ammonium Paratungstate Price Rises Due to Power Shortage

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be in the upward trend in the middle of August when most market participants have rised mentality despite of limited deals concluded in the market. 

First, the market has entered a period of periodic bottom-building and recovery after the bearish market in the second quarter; second, due to the increased environmental protection requirements in the development of a low-carbon economy and the pressure of rising prices in the context of inflation, the concentration of market resources has increased, and costs of raw and auxiliary materials have increased as well; third, due to the recent high temperature, the market power supply has been tightened, which has affected the release of raw material production capacity and further pushed up the cost pressure. At the same time, the delivery time of some cemented carbide and other tungsten products enterprises has been delayed.

In terms of news, the domestic power shortage problem has become increasingly severe due to abnormally high temperature. Since August, many provinces and cities have introduced power curtailment measures, which has increased the expectation of supply reduction in the tungsten industry. The operating rate of cemented carbide enterprises in Sichuan, Zhejiang and other places has been affected.

Prices of tungsten products on August 18, 2022

Picture of tungsten trioxide 

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