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China’s APT Market Keeps Quiet in the Middle of June Amid Slow Trading

Posted by: Fymicohuang 2021-06-17 Comments Off on China’s APT Market Keeps Quiet in the Middle of June Amid Slow Trading

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.

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