China’s APT Prices Are Stagnant Constrained from the Demand Side

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices stabilize at the end of August 2023 with limited conditions for exploring higher prices constrained from the demand side. 

The on-site transactions are relatively sluggish, while sellers are driven by the strong will of the mining side to support the market. The overall market transactions and negotiations are in a state of deadlock, awaiting the performance of essential demand.

Tungsten concentrate prices are stabilizing around $17,428.6/ton. Merchants are not willing to make concessions, and the market continues to exhibit a situation of having prices but no sales.

APT prices are stagnant around $293.8/mtu. The market supply and demand conditions are relatively weak on both sides, and the operating rates of smelting plants are limited. The market trend is characterized by consolidation.

Tungsten powder prices are holding steady around $39.3/kg. Short-term cost support is dominant, and the driving force of demand is limited. The domestic manufacturing and export economy are relatively under pressure, leading to a stagnant market transaction.

Cobalt powder prices have fallen below $37.2/kg. Increased supply in the market contrasts with a slower demand side. The overall fundamental situation remains unclear, and the market continues to experience pressure.

Prices of tungsten products on August 30, 2023

Picture of  tungsten pellets 

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