China’s Ammonium Paratungstate Price Stabilizes at the end of March 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day as the weakness in the demand side continues to affect the trading activity of market participants. 

Under the strong expectation of the gradual recovery of the Chinese economy, some merchants are still optimistic about the future trend of tungsten prices. However, under the influence of sluggish demand, most traders are taking a watchful stance and the spot trading is quiet. In the short term, the market is expected to continue this trend. 

On the macro level, according to the latest data from the National Bureau of Statistics, from January to February, industrial enterprises above designated size realized a total profit of 887.21 billion yuan, a year-on-year decrease of 22.9%. Realized operating income of 19.30 trillion yuan, a year-on-year decrease of 1.3%; at the end of February, the asset-liability ratio of industrial enterprises above designated size was 56.8%, an increase of 0.2 percentage points year-on-year.

Prices of tungsten products on March 29, 2023

Picture of tungsten acid 

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