China’s APT and Tungsten Powder Prices Remains Stable in Early August 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on August 9, 2023, but raw material suppliers show signs of rising their offers again. 

The stalemate for more than a month has digested part of the bearish atmosphere in the market. After the guidance quotations of institutions and listed tungsten enterprises have been implemented one after another, the attitude of raw material holders to support the market has become more and more firm. However, the willingness to follow up in the consumer market is relatively low. At present, the performance of the demand side is still poor, which restricts the market trend.

On the macro level, China's export data is under pressure. According to statistics from the General Administration of Customs, in July, China's total import and export value was 3.46 trillion yuan, a year-on-year decrease of 8.3%. Among them, exports were 2.02 trillion yuan, a year-on-year decrease of 9.2%; imports were 1.44 trillion yuan, a year-on-year decrease of 6.9%. 

From January to July, China's total import and export value was 23.55 trillion yuan, a year-on-year increase of 0.4%, of which exports were 13.47 trillion yuan, a year-on-year increase of 1.5%; imports were 10.08 trillion yuan, a year-on-year decrease of 1.1%. Imports and exports with the top three trading partners ASEAN, the European Union, and the United States increased by 2.8%, decreased by 0.1%, and decreased by 9.6% year-on-year respectively; imports and exports to countries along the "Belt and Road" increased by 7.4%.

Prices of tungsten products on August 10, 2023

Picture of tungsten acid 

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