China’s APT Price Stabilizes after China Eases ‘Zero Covid’ Restrictions

Analysis of latest tungsten market from Chinatungsten Online

The prices of ammonium metatungstate (APT) and tungsten carbide powder stabilize on December 14, 2022 as the consumption failed to meet market expectation.

In the tungsten concentrate market, the mining and smelting enterprises keep raising their offers to support the market, but the cautious purchase sentiment of the downstream terminal does not change. Now the market has price but no sales and mainstream offer hovers around $16,617.6/ton.

In the APT market, affected by the pressure from the cost side and the demand side, the industry has not yet made a clear prediction of the future market trend, and the stocking up before Christmas and New Year’s Day holidays is not active. Along with the continuous upward exploration, traders wait and see the performance of domestic and foreign liquidity after China eases ‘Zero Covid’ restrictions. 

In the tungsten powder market, the strong atmosphere in the raw material market is transmitted, and the powder merchants’ offers are tentatively above $38.2/kg, but the acceptance of downstream terminals is relatively limited. Currently, buyers are facing overseas high inflation and tight currency pressures, and the overall initiative to receive goods is average. The market generally continues to wait and see and negotiate on demand.

Prices of tungsten products on December 15, 2022

Picture of tungsten needles 

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