The Ammonium Paratungstate Price Is Weak at the Beginning of July 2023

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten bar prices in the Chinese market remain weak adjustment on July 5, 2023 because market sentiment becomes further negative with the decline in Xiamen Tungsten’s APT bid price. 

China’s Ganzhou Tungsten Association (GTA)’s average tungsten forecast prices as well as long-term contract prices from listed tungsten enterprises will be released gradually, which are expected to drop and may further weaken market confidence. 

From a fundamental point of view, the supply in the tungsten market in the first half of the year was relatively tight. In addition to factors such as environmental protection and periodic production activity adjustments, suppliers were more cautious and reluctant to sell, and the instability was relatively strong; while the demand in the tungsten market is constantly being adjusted from strong expectations to weak reality, which continues to hit market confidence. As a result, traders' trading activity is low, which affects the market volatility.

Recently, the off-season effect of the market has become more and more significant. In the midsummer period, there are more extreme weather and climate events such as rainstorms, floods, high temperature and heat waves, and the electricity load continues to rise, increasing the expectation of a weak balance between supply and demand in the market.

From a macro perspective, the risks of external economic contraction and recession, the risk of international geopolitical conflicts, the energy crisis and trade barriers remain uncertain. In this context, the weak recovery of the domestic economy and the increase in policy expectations have pushed up the risk aversion intention of funds.

Prices of tungsten products on July 6, 2023

Picture of tungsten powder 

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