China’s APT Price Keeps Strong in Early July on Strong Rised Mentality of Traders
- Category: tungsten‘s News
- Published on Thursday, 08 July 2021 17:26
Analysis of latest tungsten market from Chinatungsten Online
China’s ammonium paratungstate (APT) and tungsten powder prices continue to remain strong in early July. Associations and state-owned companies increased the new round of guide prices as scheduled, which offers support for the long-term positive expectations for the macro economy in the market outlook.
According to statistics from Chinatungsten Online, since this year, the price of 65% wolframite concentrate has risen from $13,968.3/ton at the beginning of the year to the current $16,349.2 /ton, an increase of about 17%; the APT price has increased from $236.8/mtu to $278/mtu, an increase of about 17.4%; the price of tungsten powder has risen from $32.9/kg to $37.3/kg, an increase of about 13.5%.
Recently, downstream alloys enterprises have been passively raised prices due to the cost of tungsten and cobalt raw materials, but the back-end acceptance is still limited. In particular, the export market is still affected by factors such as repeated epidemics, geographic conflicts and tight logistics capacity. The market purchasing sentiment is relatively cautious. As upstream and downstream is in a stalemate, the cost side and psychological factors are the main sources of driving force for the tungsten market to rise. Actual transactions are limited and participants take a watchful stance now.
Link to this article：China’s APT Price Keeps Strong in Early July on Strong Rised Mentality of Traders
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