China’s Xiamen Tungsten Declined APT Bid Price for Late July 2023

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market remain weak adjustment on July 18, 2023 with the impact of the decline in new guide prices for the second half of this month. 

China’s Xiamen Tungsten quoted APT bid price at $293.3/mtu, down $2.5/mtu compared with the first half of July 2023. 

The decline in tungsten concentrate price is mainly due to the relatively depressed sentiment of downstream end users feeding back to the upstream. Relatively speaking, miners have a low intention to make a weak tone, and the release of low-level resources is limited. The offer of 65% black tungsten concentrate is stalemate at around $17,500.0/ton. 

The APT market is under pressure affected by the influence of the new round of long-term contract prices on behalf of tungsten companies. The market is not strong enough, and traders wait and see the game between the upstream and downstream of the industrial chain. The transaction continues to be low and the export price is about $295.8/mtu. 

The tungsten powder market is in a downward trend. Downstream alloy companies lacked interest in purchasing, which led to a lot of pressure on the market trade sentiment. Now the offer is about $40.0/kg.

According to the National Bureau of Statistics, in the first half of the year, the gross domestic product (GDP) was 59,303.4 billion yuan, a year-on-year increase of 5.5%. Among them, the first quarter increased by 4.5% year-on-year; the second quarter increased by 6.3% year-on-year and 0.8% month-on-month. In fact, due to the low GDP base hit by the epidemic in the same period last year, many research institutions generally expect the year-on-year growth in the second quarter to be above 7%. 

According to the data, in the first half of the year, market demand gradually recovered, production and supply continued to increase, employment prices were generally stable, residents’ income grew steadily, and the overall economic operation was picking up. However, the political and economic situation in the world is complicated, and the foundation for the continued recovery and development of the domestic economy is still not solid.

Prices of tungsten products on July 19, 2023

Picture of 3D printing tungsten collimator 

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