Ammonium Paratungstate Price Stabilizes on Cautious Sentiment in the Market
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- Category: tungsten‘s News
- Published on Tuesday, 24 August 2021 09:12
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and tungsten powder prices in China remain stable on August 18, 2021 as the market continue to be in a stalemate. Suppliers have strong rised mentality while downstream buyers are cautious. Most participants wait for the new guidance from the market.
The spot market of tungsten concentrate has prices but no sales and transaction prices hover around $18,095.2/t. Mining enterprises face little pressure from supply and capital, and thus keeping firm offers. The ammonium paratungstate (APT) suppliers make offer mainly referring to bid prices from stat-owned companies. Orders are limited and traders start consider profit-taking. For the tungsten powder market, owing to low buying appetite of downstream alloy companies, power price stabilizes at $41.3/kg and trading activity is low.
Statistics from the Bureau of Statistics show that due to rising prices of crude oil, coal, steel, plastics and related products, the “scissor gap” between PPI and CPI reached 8 percentage points in July, and the price of production materials rose 12.0% year-on-year, an increase of 0.2 percentage points, hitting a new high. This reveals an important signal that the transmission of price increases from upstream to downstream is not smooth, and the ability to transfer costs is weak, which suppresses the willingness of mid- and downstream enterprises, especially the manufacturing industry, to invest in expansion.
Link to this article：Ammonium Paratungstate Price Stabilizes on Cautious Sentiment in the Market
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