China’s APT Price Stalemates on Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices in the Chinese market remains stable on August 10, 2023 but raw material manufacturers have strong rised mentality despite the demand side remains sluggish. 

The tungsten concentrate price hovers around $17,647.1/ton with good mentality in the market; APT price stalemates at about $297.4/mtu and smelters are trying to raise their offers; tungsten powder price is about $39.8/kg with heavy wait-and-see atmosphere in the market affected by the deadlocked upstream and downstream in the industry chain. 

On the macro level, according to data from the National Bureau of Statistics, in July, the national consumer price (CPI) increased by 0.2% month on month, a decrease of 0.3% year-on-year due to a large base in the same period last year; The core CPI increased by 0.8% year-on-year. The factory price index (PPI) of industrial producers decreased by 0.2% month on month and 4.4% year on year, with both decreases narrowing. Experts believe that the low operating trend of CPI and PPI is phased. With the rebound of commodity prices, the demand recovery driven by stable growth policies, and the improvement of core inflation issues, the subsequent rebound in CPI and PPI growth rates is a high probability event.

Prices of tungsten products on August 11, 2023

Picture of tungsten carbide rod 

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