Rising Ammonium Paratungstate (APT) Price Driven by Limited Supply and Cost Pressures

Details: Category: Tungsten's News; Published on Wednesday, 28 August 2024 17:24

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices continue to rise steadily, primarily driven by the limited supply of concentrate, which falls short of the smelting capacity demand.

This supply shortage supports the reluctance of miners to sell at lower prices, leading to a strong market sentiment. The cost pressure is being passed on to intermediate smelting products and downstream tungsten products, which are forced to follow the price increases.

However, current demand lacks sufficient support, and although consumer acceptance has slightly improved, this is mostly seen in essential inventory restocking, with no significant increase in transaction volume. There are still differing opinions among market participants regarding the extent of the price rise.

The price of 65% black tungsten concentrate has reached the level of $20,000.0/ton, with suppliers generally maintaining a stance of tight supply and high prices. Low-priced resources are difficult to find in the market, and downstream buyers remain cautious in their restocking efforts, resulting in limited high-priced transactions.

The price of ammonium paratungstate (APT) has followed the upward trend, reaching around $334.1/mtu. However, consumer interest in purchasing remains low, and smelters are facing significant cost pressures, leading to cautious buying and production activities.

Tungsten powder prices are holding steady at $44.1/kg, while tungsten carbide powder is stable at $43.4/kg. The cost-driven upward pressure on prices is evident, but there is still a psychological gap on the alloy side, and overall demand recovery will take time, with participants watching the performance of the "Golden September" period.

The price of 70% ferrotungsten has returned to the $30,000.0/ton level. The market's bullish sentiment is fueled by the tight supply of tungsten raw materials and strong cost support. However, demand remains constrained by the off-season and the influence of mixed macroeconomic signals, resulting in overall cautious trading.

Prices of tungsten products on August 28, 2024

tungsten powder price image