China’s APT Price Stabilizes in Early August 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices continue to keep stable on August 3, 2023 when the market is quiet. 

Based on the supportive attitude of the holders and the reality that the downstream demand is weak, the actual spot transactions are concluded based on rigid demand. But the industry's economic recovery is expected to increase in the second half of the year considering the signal that the macroeconomic policy is driven stronger. 

The price of tungsten concentrate stands at about $17,500.00/ton with the impact of stable mood of miners; APT price hovers around $295.8/mtu and smelters keep cautious in trading; tungsten powder price is about $39.7/kg constrained by the bearish sentiment. 

The price of 70 ferrotungsten remains at the level of $25,441.2/ton. Under the stalemate at the mine end and the cautious sentiment of steel mills, the market remained stable. The price of cobalt powder fell to $40.9/kg as the cooling demand for alloys and other materials affects the confidence of the industry.

Prices of tungsten products on August 4, 2023

Picture of tungsten acid 

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