China’s Ammonium Paratungstate Price Keeps Stable on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market are unchanged from the previous trading day on June 13, 2023 affected by the continued weakness in the demand side. 

Holders are reluctant to sell at low prices, and they are positive about the value of strategic resources in the market outlook; buyers negotiate prices on demand, expressing concern about the unstable external environment and the still sluggish demand for alloys. The overall spot negotiation status of the tungsten market continues to be deadlocked, and most participants wait and see the next move in the market. 

In terms of news, according to data from the China Association of Automobile Manufacturers, in May, China's auto production and sales completed 2.333 million and 2.382 million vehicles, respectively, an increase of 9.4% and 10.3% month-on-month, and an increase of 21.1% and 27.9% year-on-year. Among them, the market share of new energy vehicles reached 30.1%, an increase of 0.6% from April. From January to May, China's automobile production and sales completed 10.687 million and 10.617 million vehicles respectively, an average increase of 11.1% year-on-year. The market share of new energy vehicles increased by 0.7% to 27.7%.

Prices of tungsten products on June 14, 2023

Picture of tungsten trioxide 

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