China’s Xiamen Tungsten Declined Long-term Contract Price for Ammonium Paratungstate

Details: Category: Tungsten's News; Published on Wednesday, 25 October 2023 16:05

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains weak, with a slight downward adjustment in the overall pricing of long-term contract prices from major tungsten enterprises, reflecting some pressure on the current market sentiment.

As per information from Chinatungsten Online, Xiamen Tungsten's long-term contract price for ammonium paratungstate (APT) in the second half of October 2023 is $287.3/mtu, down $0.8/mtu compared with the first half of this month.

In the tungsten concentrate market, high-grade resources are trading around $17,142.9/ton, with holders unwilling to discount their prices for sales. Purchaser demand is weak, and trading discussions in the market remain in a state of stagnation, with a focus on consolidation.

In the ammonium paratungstate (APT) market, manufacturers' quotations hover at around $25,571.4/ton, and actual trading is relatively sluggish. The market faces dual pressures from cost and supply-demand factors, leading smelters to adopt a wait-and-see approach as the primary strategy. There is limited room for price adjustments, and the current market sentiment tends to be bearish.

In the tungsten powder market, merchants maintain their quotations at around $38.7/kg. However, actual trading discussions are relatively subdued, with a focus on pricing negotiations, as the consumption status in the hard alloy sector has not yet shown significant improvement. Resources in the market are generally flowing according to demand, and there have been frequent instances of price negotiations.

Prices of tungsten products on October 25, 2023

APT price image