China’s APT Export Price Continues to Rise Due to Tight Supply
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- Category: tungsten‘s News
- Published on Friday, 09 July 2021 18:09
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price continue to keep strong on July 8, 2021. On the one hand, market confidence is shored up by high cost and raised new guide prices; on the other hand, with the effective control of epidemic, downstream 3C consumption and manufacturing demand such as mechanical processing have a tendency to warm up recently.
Now tungsten concentrate manufacturers hold their resources, resulting in tight supply in the market. High-grade resources offer was raised to $16,507.9/ton with rare transactions concluded. For the tungsten powder market, although downstream alloy enterprises increased their offers and have good expectations for the outlook, actual consumptions are limited and prices hover around $37.3/kg.
As for the export market, APT export price from China have continued to rise, with China’s domestic supply tightening and overseas markets in urgent need of the material due to low inventories. Chinese exporters raised their offer prices, concerned that they would not be able to replenish stocks at favorable prices with the domestic price rising.
Link to this article：China’s APT Export Price Continues to Rise Due to Tight Supply
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