China’s APT Price Keeps Firm due to Tight Supply of Raw Materials
- Category: tungsten‘s News
- Published on Thursday, 21 October 2021 18:57
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and tungsten powder prices keep stable and firm on October 19, 2021 as increased energy costs support the strong raw material market despite of continued weakness in the demand side.
The price of tungsten concentrate has temporarily stabilized at around $17,777.8/ton. Due to environmental protection, safety control and high-grade resource consumption in mines, most miners expressed that resource development costs continue to increase with the green concept, so the willingness to reduce profit is low. In addition, the substantial increase in labor costs and safety management requirements require mining companies to have to explore the direction of automated production.
The APT price stood at a stalemate at $313.9/mtu. The supply of coal, electricity, natural gas, and the cost of chemical raw materials such as caustic soda and sulfuric acid continued to plague the production and operation of smelting companies. Under the pressure of the market, manufacturers’ offers remained firm. However, the back-end acceptance performance is low, and the actual market orders are limited.
Tungsten powder price ranged from $41.6/kg to $42.2/kg 262-266 yuan/kg. On the one hand, cost pressures caused by energy shortages, strict control of environmental protection, and shortage of raw and auxiliary materials have increased; on the other hand, demand resistance caused by repeated epidemics and curtailment measures is obvious, and overall orders for the fourth quarter are expected to be lower than the previous period. The overall trading activity in the powder market is not good, and merchants are cautious.
Link to this article：China’s APT Price Keeps Firm due to Tight Supply of Raw Materials
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