China’s APT Price Stalemated in the Middle of September on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment on the whole in the week ended on Friday, September 16, 2022 with the impact of continuous weakness in the demand side and slow liquidity. 

Tungsten concentrate price mainly stood at about $18,000.00/ton because market demand seemed failing to recover in the golden September; APT price was about $307.7/mtu under the pressure from both supply and demand sides. Smelting factories kept cautious sentiment, and some of them were profit-taking; tungsten powder price was weak at about $41.1/kg when the consumption of cemented carbide and its downstream products was limited. 

On the macro level, China's response to the epidemic and economic pressure is relatively positive, and industry players have good expectations for the recovery of domestic demand under the measures to increase consumption and expand investment in the fourth quarter. China-Kazakhstan co-construction of the "Belt and Road" cooperation has brought new vitality to the needs of infrastructure, wind power, photovoltaics and other fields; the Ministry of Industry and Information Technology and other four departments have issued the "Implementation Plan for the "Three Products" of the Raw Materials Industry, and it is planned that by 2025, high-temperature alloys, high-performance special alloys, Products and services such as semiconductor materials have significantly enhanced their support capabilities in key areas. As a key mineral raw material and an important strategic resource, tungsten is expected to further promote the high-quality development process of the industry.

Prices of tungsten products on Sep. 19, 2022

Picture of tungsten trioxide 

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