China’s APT Price Remain Weak Adjustment at the End of August 2022

Details: Category: Tungsten's News; Published on Wednesday, 31 August 2022 17:45

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices remain weak adjustment on August 30, 2022 mainly affected by the sluggish demand both at home and abroad.

Due to environmental inspections, high temperature, repeated epidemics, geographical conflicts, global inflation and other factors, the resources of mining and smelting enterprises are relatively limited. At the same time, the market demand has also suffered pressure. The consumption of cemented carbide and its downstream products has slowed down. Recently, with the emergence of profit-taking mentality in the primary market, the focus of spot trading in the market has declined slightly.

In the tungsten concentrate market, traders' trading mentality is rational and cautious, and they generally purchased products based on actual demand. The industry believes that as the weather gets colder, golden September and silver October comes and the operating rate of infrastructure and other fields increases, and the consumer side of tungsten products is expected to improve. However, the deadlocked relationship between strong expectations and weak reality of domestic economic recovery is still worrying.

In the APT market, the upstream and downstream of the industrial chain are in a stalemate, and the market resources are limited. Market offer hovers around $311.2/mtu. It is expected that the smelting factory resources will increase with seasonal changes. However, the actual performance of the demand side remains to be seen.

In the tungsten powder market, low-level raw material resources are still hard to find, downstream cemented carbide and its back-end consumption are relatively limited, market mentality is deadlocked, and transactions are generally based on demand. Activities will resume one after another, and the terminal industry is still waiting to see changes in external uncertainties.

Prices of tungsten products on August 31, 2022

China APT price photo