China’s APT Price Stabilizes Under the Pressure of Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day due to remained demand pressure and quiet market. 

In the tungsten concentrate market, miners are relatively cautious in releasing resources. Affected by the price negotiation between intermediary traders and downstream customers, the market liquidity is generally low, and the trading in the market is quiet. The high-grade offers are about $15,882.4/ton. 

In the APT market, the external environment still restrains energy supply and supports the cost of raw and auxiliary materials, but the demand on the market is still pessimistic. The market, including domestic demand and export, is still affected by risks such as repeated epidemics, geopolitical pressure and overseas economic recession. At present, APT price is about $274.2/mtu. 

In the tungsten powder market, affected by the negative atmosphere at the alloy end, the bargaining power of manufacturers and traders is slightly weaker. The recent repeated epidemics in Henan, Hunan and other places have had a certain impact on the production of cemented carbide and its downstream consumption.

In terms of news, data from the China Construction Machinery Industry Association showed that in October, 20,501 excavators of various types were sold, a year-on-year increase of 8.1%, of which 11,350 were domestic, a year-on-year decrease of 9.91%; and 9,151 were exported, a year-on-year increase of 43.8%. From January to October, a total of 220,797 excavators were sold, a year-on-year decrease of 26%; of which 131,340 were domestic, a year-on-year decrease of 46.4%; and 89,457 were exported, a year-on-year increase of 67.3%.

Prices of tungsten products on November 10, 2022

Picture of tungsten powder 

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