China’s Ammonium Paratungstate Price Stabilizes at the end of November

Details: Category: Tungsten's News; Published on Wednesday, 30 November 2022 18:10

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day mainly due to cautious trading sentiment of market participants.

On the supply side, mining enterprises stabilize their output and have strong rised mentality; the intermediate smelters slow down their operating rate and start to wait and see the game of the industrial chain; the demand side is still weak because the liquidity of the domestic market is affected by the epidemic, and the international market is affected by the financial market. The initiative of stable consumption is not good; on the macro level, risk factors such as the epidemic, high inflation and tight currency continue, and the global economy is expected to be weak, which affects the overall trade sentiment.

In the tungsten concentrate market, although sellers look for price rebound and high-grade offers rise to $16,176.5/ton, actual transactions are still sluggish as buyers are not active in trading.

In the APT market, affected by deadlocked upstream and downstream, smelting factories passively lowered the operating rate to alleviate some cost and demand pressure. Traders hold different views towards the outlook and some deals were concluded at $279.2/mtu.

In the tungsten powder market, the stocking atmosphere of powder and back-end alloy companies has become slightly active with the impact of relative active in recent uptrend atmosphere. The price of tungsten powder is testing to $37.5/kg. However, due to the current limited prosperity of the manufacturing industry and the complex external situation affecting the enthusiasm of buyers to receive goods, the actual order transactions in the market are mainly based on demand.

Prices of tungsten products on November 30, 2022

ammonium paratungstate price photo