China’s APT Offers Keep Firm in the Middle of July due to Tight Supply
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- Category: tungsten‘s News
- Published on Wednesday, 14 July 2021 19:19
Analysis of latest tungsten market from Chinatungsten Online
China’s ammonium paratungstate (APT) and tungsten powder prices continue to remain strong in the middle of July, 2021 with the impact of firm raw material markets. Insiders have good expectation for the outlook under the effective control of epidemic and economic recovery, but high cost may be a deterrent.
At present, manufacturers in the raw material market consider profit-taking with the increase of profits, and are still reluctant to sell at low prices. Offers for tungsten concentrate stand at about $16,666.7/ton with rare transactions concluded. APT offers hover around $278/mtu with the impact of cost. Some manufacturers even stop quoting for further guidance from the market. as for the tungsten powder market, prices are about $38/kg and downstream users remain cautious sentiment.
Link to this article：China’s APT Offers Keep Firm in the Middle of July due to Tight Supply
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