China’s APT Market Keeps Quiet in the Middle of June Amid Slow Trading
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- Category: tungsten‘s News
- Published on Thursday, 17 June 2021 18:34
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and ferro tungsten prices in China are unchanged from the previous trading day on June 16, 2021 amid slow trading and deadlocked supply and demand.
Manufacturers in the tungsten concentrate market mostly have strong rised mentality affected by inflation expectation and high production cost. However, deals concluded at high prices are not reported. The short-term concentrate price is expected to stabilize at about $15,555.6/ton.
The APT market keeps quiet as participants are not active in trading. Buyers purchase products according to what they real need and transaction prices hover around $263.7/mtu.
As for the tungsten powder market, it continues its weakness owing to weak downstream alloy markets. Moreover, domestic manufacturers receive limited inquiries from abroad and offers are hard to be raised.
Link to this article：China’s APT Market Keeps Quiet in the Middle of June Amid Slow Trading
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