Ammonium Metatungstate Price Keeps Weak on Low Consumption in the Fourth Quarter

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in the Chinese market remain weak adjustment in late November, 2021 with the impact of cautious sentiment of participants owing to the continued spread of Covid-19 in the world. 

In addition, consumption in the real estate, aerospace and other fields fails to meet market expectation in the fourth quarter. Most end-users stocked up based on what they actual needs. 

The tungsten concentrate market is in a stalemate on the whole. Mining enterprises are not willing to sell when the price does not meet their expectations. Meanwhile, buyers make inquiries but not conclude deals immediately. 

In the APT market, smelting enterprises face pressure of price inversion and thus some of them cut their output to stabilize their offers. Due to liquidity shortage, market price hovers around $294.1/mtu. 

The tungsten powder market continues its stabilization as orders for downstream alloys and products are not increased and the raw material market also keep quiet. In the short term, tungsten powder price will stand at about $40.6/kg. 

Prices of tungsten products on December 1, 2021

Picture of concentrate 

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

• < Prev
• Next >