China’s APT Price Stalemates in the Middle of June Due to Quiet Market

Chinese tungsten powder and tungsten carbide powder prices continue to be stable on June 14, 2023 because the depressed atmosphere at the cemented carbide end affects the sentiment of the tungsten raw material market. 

The price of tungsten concentrate remains at about $18,769.2/ton due to the limited supply. Miners consciously reduce supply considering the policy, resource grade reduction, climate factors as well as strong rised mentality of sellers. As the demand keeps weak, the whole market trading is not active. 

The APT price is stalemate at about $302.4/mtu when the terminal production and sales are still unclear. Traders are more willing to sell at lower prices, but the pressure from the market cost side is hard to ignore, and smelters still focus on avoiding the risk of price inversion. In the short term, the price adjustment is expected to be limited. 

The price of tungsten powder is stalemate at around $42.5/kg when the industry’s expectations for the market outlook are not clear. The transmission of sentiment at the mining end has formed a bottom support for the market, but market consumption is still not active, the recovery of domestic demand is not as good as expected, and external demand is still facing economic and geopolitical pressures. Traders mainly follow the market as they go, and partial profit-taking affects the overall market price.

Prices of tungsten products on June 15, 2023

Picture of tungsten acid

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