China’s APT Market Is Gaining Support from High Feedstock Prices
- Category: tungsten‘s News
- Published on Friday, 06 August 2021 16:53
Analysis of latest tungsten market from Chinatungsten Online
China’s ferro tungsten and ammonium paratungstate (APT) prices keep unchanged on August 5, 2021. Affected by the epidemic, typhoons, and rainstorms, the supply of raw materials is relatively tight while downstream buyers remain low buying appetite.
Concentrate supply in China, the world's largest exporter, tightened and suppliers increased their offers to international customers. The APT market is gaining support from high feedstock prices, with prolonged tight supply of concentrate and scrap pushing up consumers' input costs.
China's exports of tungsten products have been rebounding, up by 26pc year on year in January-June, customs data show. But this is from an unusually low 2020 baseline as Covid-19 disrupted operations, and the overall supply-demand balance remains very tight.
Link to this article：China’s APT Market Is Gaining Support from High Feedstock Prices
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