China’s Xiamen Tungsten Raised APT Bid Price for the Second Half of August 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on August 15, 2023 with the increase in the new guide prices from listed tungsten enterprises for the second half of this month. 

China’s Xiamen Tungsten quoted APT bid price at $297.5/mtu for the second half of August 2023, up $5.0/mtu compared with the first half of this month. 

The tungsten concentrate price was tried to increase to above $17,647.1/ton with fewer lo-price resources flowing out the market; The price of APT has reached to $299.1/mtu as large companies’ long-term contract prices have given positive feedback to the market, and the cost side has pushed manufacturers to look up. However, the overall market continues to be in a stalemate, and the current demand side still restrains the raw material market.

The price of tungsten powder is consolidating at around $39.9/kg. Merchants are increasingly interested in going up, but downstream end users have limited cooperation enthusiasm, and market transactions and negotiations are still based on demand.

On the macro front, according to data from the central bank, at the end of July, the balance of broad money M2 was 285.4 trillion yuan, a year-on-year increase of 10.7%; the balance of M1 was 67.72 trillion yuan, a year-on-year increase of 2.3%; the balance of M0 was 10.61 trillion yuan, a year-on-year increase of 9.9%. In July, the social financing scale increased by 528.2 billion yuan, 270.3 billion yuan less than the same period last year. Overall performance was below expectations.

Prices of tungsten products on August 15, 2023

Picture of tungsten acid 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >