China’s APT Price Edges Higher Affected by Tight Supply of Saw Materials

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable because purchasers are not active in trading and sellers are not willing to cut their profits for more sales. 

Now tungsten concentrate price hovers around $18,153.8/ton. It is difficult to obtain downstream recognition for partial high offers. However, during the environmental protection in the main production areas, manufacturers will remain firm offers, plus with the cyclical recovery of the market atmosphere, it is difficult to find low-level resources in the market.

APT price is consolidating around $309.4/mtu, and smelters are cautiously avoiding the risk of price inversion. Recently, miners’ increased offers due to tight supply have led to a relatively stable back-end market. The market negotiation is stalemate, and the volume of transactions is limited.

The price of tungsten powder is adjusted at around $41.5/kg. Confidence in the market is not unified, and the focus of real order negotiations is different. Traders are passive in trading, and the directional news is clear.

According to Chinatungsten Online, the export data of China's tungsten products in March has picked up significantly compared with that in February, but it is not as good as the data of the same period last year, which shows that the current business situation of the tungsten industry is following the recovery of the national economy, but the constraints of insufficient demand still exist, especially complex and changeable international environment still has a negative impact on the establishment of consumer mentality.

Prices of tungsten products on April 25, 2023

Picture of tungsten powder 

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