China’s APT Price Stabilizes and Smelting Factories Face Pressure of Price Inversion

Analysis of latest tungsten market from Chinatungsten Online

The recent tungsten market in China continues to be stable as it is in the off season. In fact, the more important factor than the weather is the relatively pessimistic sentiment of consumers under the pressure of global economic shocks, delays in market procurement and stocking, and limited transactions.

At present, the tungsten concentrate price stalemates at about $17,352.9/ton and mining enterprises are not willing to sell at low prices; APT price hovers around $294.1/mtu and smelting factories still face pressure of price inversion; tungsten powder price stabilizes at about $39.7/kg with the support of the cost. 

On the macro level, "July may be the hottest month in history", such arguments are full of major media platforms, and the El Niño phenomenon is also frequently mentioned. People are worried about a series of problems such as production loss, tight supply and demand, and rising costs, especially the impact on food crops and cash crops. However, some research institutes said that historically, the impact of El Niño on grain production is often exaggerated, mainly because El Niño tends to act locally, but globally, the proportion of losses caused by these effects is not large.

Prices of tungsten products on July 26, 2023

Picture of tungsten trioxide 

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