China’s APT Price Has Returned Cack to $306.7/mtu Since September 2013

Analysis of latest tungsten market from Chinatungsten Online

After the Qingming Festival, the tungsten market continued its stance of firmness amid stagnation. The firmness stemmed from tight supply and strong demand sentiment from the mining end, while the stagnation was attributed to the complex macro environment and purchasing hesitancy among buyers. The market appeared to be in a state of having prices but lacking transactions, with deals being implemented on an as-needed basis.

Tungsten concentrate prices remained at around $18,285.7/ton, with relatively tight supply supporting product prices. However, the enthusiasm of downstream end-users for receiving goods was average, and a cautious mindset prevailed in the market.

The price of ammonium paratungstate (APT) tested the $306.7/mtu mark. According to statistics from Chinatungsten Online, this marks the first return to the high level of $306.7/mtu since September 2013, with recent cost factors primarily influencing the situation.

Tungsten powder prices remained stable at around $40.6/kg, while the price of tungsten carbide powder also stabilized at around $40.0/kg. Sellers' offers remained relatively high, and there was a strong sentiment of cautious observation in the market, with transactions being negotiated as needed.

Prices of tungsten products on April 8, 2024

Picture of tungsten ore 

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