China’s APT Price Keeps Firm on High Replacement Costs
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- Category: tungsten‘s News
- Published on Thursday, 26 August 2021 09:55
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and ferro tungsten prices keep stable and firm in the second half of August amid concerns about higher replacement costs and currency fluctuations owing to shipment delays.
From the supply side, high temperature, rainy weather and high raw material costs lead to a decrease in production of enterprises. Therefore, suppliers are more willing to hold current offers.
For the demand side, most downstream end users replenish goods just in need as they are cautious under the continued spread of Covid-19. The export market seems quiet with Chinese exporters receiving few inquiries from abroad.
For the macro, China’s domestic economic internal circulation strategy and the development of the Belt and Road Initiative will release the potential for domestic demand. However, uncertain factors such as repeated international epidemics and policy adjustments in various countries still pose risks to the metal market and the economic recovery of the manufacturing industry.
Link to this article：China’s APT Price Keeps Firm on High Replacement Costs
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