Export APT Prices Keep Firm Due to Tight Spot Availability Outside of China

Details: Category: Tungsten's News; Published on Thursday, 16 December 2021 18:23; Written by Shuxia; Hits: 410

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten concentrate and ferro tungsten prices maintain stability as the market is caught in wait-and-see atmosphere with limited deals concluded. Export APT prices keep firm as key exporters are unwilling to cut offers considering continued delayed shipping periods, tight spot availability outside of China and firm prices in the European and US markets.

In the tungsten concentrate market, sellers expect the price will rise to $17,460.3/ton at the end of December given the stocking up of enterprises and environmental protection during the Winter Olympics in the coming year. At present, it is difficult to unify the views of downstream users. The outflow of tungsten ore resources has decreased, and the high-level delivery of goods has remained relatively slow.

APT price stabilizes at $301.3/mtu when traders are not willing to cut their profits. Smelting factories are cautious to take orders while downstream buyers are not active in stocking up. For the tungsten powder market, manufacturers still remain strong offers due to feedback cost. downstream alloy and product enterprises seek for lower prices. Now the market mainly waits for the guide prices from the market.

Prices of tungsten products on December 16, 2021

APT price image