Xiamen Tungsten Raised APT Bid Price for the Second Half of December 2022

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices edge higher on December 20, 2022 with the support of strong rised mentality of raw material suppliers as well as the increase in new guide prices for the second half of this month. 

The last round of long-term contract prices in the year of 2022 were raised as expected, shoring up market confidence and supporting firm offers in the market. It is reported that Xiamen Tungsten's APT bid price in the second half of December 2022 is $285.8/mtu, up $6.6/mtu compared with the first half of this month. 

In the tungsten concentrate market, offers for high-grade resources are moving toward to $16,764.7/ton, and holders are not willing to cut profits for more sales. However, the demand in the market is still not good enough, and the downstream customers are cautious in purchasing. The market continues to have a price but no market.

In the APT market, enterprises’ offers were raised to $289.1/mtu, mainly driven by the cost side. Smelters mainly follow the rise passively, and the enthusiasm of downstream end users to take goods is relatively average. With the approaching of the New Year, the replenishment of enterprises will give certain support to the market.

In the tungsten powder market, powder price hovers around $38.7/kg and manufacturers followed suit with price increases. Downstream alloy and product companies take goods cautiously and thus new increased orders are limited. 

In the ferro-tungsten market, the price is adjusted to $25,441.2/ton after the increase of raw material prices, the cost of electricity and relative low stocks after previous stock consumption. But transactions are not increased accordingly.

Prices of tungsten products on December 21, 2022

Picture of violet tungsten oxide 

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