China’s APT Price Continues to Be Weak Due to Repeated Epidemics

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s ammonium paratungstate (APT) and tungsten powder prices continue to be weak as the market still faces many instabilities both at home and abroad. 

Repeated epidemics, geopolitical disputes and other pressures continue to inhibit the recovery process of the global manufacturing economy. The consumption of cemented carbide and its downstream terminals is sluggish and most participants are negative about the outlook. 

In the tungsten concentrate market, buyers have strong willingness to reduce purchasing prices. Although some traders have been profit-taking for more sales, market trading did not improve. At present, high-grade concentrate offer stands at around $16,176.5/ton. 

In the APT market, due to the epidemic and energy shortage, both raw materials and transportation costs have increased; due to the high risk of overseas economics, the market demand performance is difficult to improve. The APT market operates cautiously and steadily in the short term, and the mainstream focus refers to the long-term contract prices from listed companies. 

In the tungsten powder market, the alloy end is facing great pressure, but purchasers are not active in taking goods. The operating rate and willingness to cut profits of the production enterprises were constantly adjusted. The market is under pressure and will continue to be weak in the short term.

Prices of tungsten products on October 25, 2022

Picture of tungsten acid 

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