China’s APT Price Remained Stable on Poor Demand in the Middle of April 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remained weak adjustment due to poor demand as well as the sufficient supply of raw materials. 

The high price of tungsten concentrate remained above $17,692.3/ton. Due to the poor follow-up of demand, the positive support of raw materials became weaker and the trading was not active. 

The APT price remained stalemate at around $302.5/mtu, mainly referring to the cost of raw materials and long-term contract prices from large companies. The enthusiasm for production and consumption in the market did not improve with the weather. The operating rate of the market was relatively low, and the trading atmosphere was weak.

The price of tungsten powder remained at about $40.9/kg. Affected by the inventory pressure at the alloy end, it is difficult to perform well in market transactions. However, due to the lack of willingness to fall deeply at the raw material end, the atmosphere of the industry chain game is strong. Discussions on the spot market are cautious, but in the absence of long-term positive momentum, it is not ruled out for the price to continue to decline. 

On the macro front, the WTO recently raised its forecast for global trade growth in 2023, which is expected to be 1.7% higher than the 1% predicted in October last year, still lower than the average growth rate of 2.6% over the past 12 years. The key factor behind the upward revision of trade growth expectations is China’s continuous optimization and adjustment of epidemic prevention measures, which will help release consumer demand and promote international trade growth.

Prices of tungsten products on April 12, 2023

Picture of tungsten trioxide 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >