China’s Xiamen Tungsten Declined APT Bid Price for the Second Half of October

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market remain weak adjustment on October 18, 2022 because the weak demand continues to weaken market confidence and the new guide prices also declined. 

China’s Xiamen Tungsten quoted APT bid price at $279.2/mtu for the second half of October, down $6.6/mtu compared with the first half of this month. 

In the tungsten concentrate market, the release of resources at the mine end is limited. First, it was affected by the increase in mine safety production requirements in October. Second, due to the sluggish back-end sentiment, miners were gradually cautious in low-level negotiations, and traders and downstream customers were generally less proactive in purchasing. The overall liquidity of the market is sluggish, and market price is deadlocked at $16,176.5/ton.

In the APT market, although the cost of raw and auxiliary materials is still strongly under the background of inflation and energy crisis, the current demand-side factors dominate the market's sell-off sentiment. The decline in long-term contract prices of large companies have exacerbated the market's negative views, and the market price continued to decline.

In the tungsten powder market, the demand for alloy ends has not improved significantly, the downstream receiving sentiment is still cautious, and the willingness to actively restocking is low. Most deals were concluded at around $38.2/kg. Recently, manufacturers have stopped production for maintenance or reduce production to ease the pressure of supply.

Prices of tungsten products on October 19, 2022

Picture of tungsten acid 

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