Mainstream Offers of APT Edge Higher Boosted by the Increase in Long-term Contract Prices

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes as the market keeps quiet and replenishment of downstream end users is limited. With the adjustment of domestic epidemic prevention and control measures and the recovery of logistics transportation capacity, the market outlook consumption is expected to gradually pick up, which will give a certain boost to the market trading. 

In the tungsten concentrate market, trading is not active and sellers still have rised mentality. The price of high-grade resources hovers around $16,617.6/ton and buyers keep cautious sentiment. The short-term market is expected to be stable. 

In the APT market, due to differences in the psychological expectations of the upstream and downstream of the industrial chain, the sales in the market are under pressure, and the operating rate of manufacturers during the year is relatively limited. Mainstream offers are about $285.8/mtu boosted by the increase in long-term contract prices. 

In the tungsten powder market, market price stalemates at about $38.5/kg. Merchants report that the overall demand for downstream terminals is generally active, especially the instability of the international situation has brought more challenges to the market. However, the continued recovery of the domestic economy is expected to increase. The promotion and implementation of various support measures is expected to boost the consumption of tungsten products.

On the macro level, Han Wenxiu, deputy director of the Central Finance Office, predicts that China's total economic output will exceed 120 trillion yuan in 2022. With global inflation hitting a new high in more than 40 years, China's price level has remained stable, and food security, energy security, and people's lives have been effectively guaranteed. In 2023, the growth rate of the world economy may decline significantly, while my country's economy may rebound as a whole, thus forming an independent upward trajectory.

Prices of tungsten products on December 20, 2022

Picture of tungsten acid 

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