China’s APT Price Stabilizes at the End of August Due to Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price declined slightly mainly due to the continued sluggish demand as well as profit-taking mentality of raw material suppliers. 

At present, tungsten concentrate price is hard to rise above $18,461.5/ton and market trading is limited; APT price hovers around $311.2/mtu under the pressure of both demand and supply sides; tungsten powder market remains quiet on the whole without the support of favorable factors. 

China’s domestic high-temperature electricity shortage is gradually easing, and the successive restoration of power supply security in Sichuan and Chongqing will promote the production of cemented carbide and other consumer markets; a series of promotional measures superimposed on economic risks are intensively implemented, which is expected to promote marginal improvement in infrastructure, real estate, new energy and other fields. The industry believes that with the end of the high-temperature and off season, the strong support of the cost side and the recovery of the demand side are expected to boost the tungsten market.

However, due to the uncertain risks of the epidemic and geopolitical conflicts, as well as the still significant overseas inflation pressure, the expected increase in market demand in September may not be clear.

In July, the benefits of industrial enterprises continued to recover. However, due to various factors, the profits of enterprises declined slightly, the cost level was still high, the lack of market demand in some industries was prominent, and the operating pressure increased. From January to July, the national industrial enterprises above designated size achieved a total profit of 4,892.95 billion yuan, a year-on-year decrease of 1.1%; industrial enterprises above designated size achieved an operating income of 76.57 trillion yuan, an increase of 8.8% year-on-year. At the end of July, the assets of industrial enterprises above designated size totaled 149.68 trillion yuan, a year-on-year increase of 10%; the asset-liability ratio was 56.8%, a year-on-year increase of 0.2 percentage points.

Prices of tungsten products on August 30, 2022

Picture of tungsten pin 

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