APT Price Stalemates at $304.9/mtu in August Due to Lukewarm Demand
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- Category: tungsten‘s News
- Published on Thursday, 19 August 2021 10:01
Analysis of latest tungsten market from Chinatungsten Online
China’s ammonium paratungstate (APT) and concentrate prices are unchanged from the previous trading day on August 17, 2021 due in part to quiet market and increased supply of raw materials.
Although the price of tungsten concentrate does not break through again, miners still have good confidence in late market. The high-grade concentrate price stands about $18,095.2/t. APT price declines slightly mainly because orders in the market fail to meet market expectation, and Some traders even consider profit-taking. Even so, the cost side keeps firm, supporting offers at $304.9/mtu. Tungsten powder price keeps stable with the impact of lukewarm demand of downstream alloy buyers.
From a macro perspective, the Chinese economy is currently operating in a reasonable period as a whole, and various indicators have declined slightly. Therefore, planning and implementing major project construction in the first year of the "14th Five-Year Plan" will be an important measure for China to expand domestic demand and promote internal circulation. This will stimulate and maintain the demand for tungsten products and other infrastructure construction materials and market stability. In addition, the improvement of the global economic and trade environment will also benefit the growth of imports and exports.
Link to this article：APT Price Stalemates at $304.9/mtu in August Due to Lukewarm Demand
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