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China’s APT Spot Price Was Closely Flat with Long-term Contract Prices

Posted by: Fymicohuang 2021-08-24 Comments Off on China’s APT Spot Price Was Closely Flat with Long-term Contract Prices

China’s APT Spot Price Was Closely Flat with Long-term Contract Prices

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Category: tungsten‘s News
Published on Tuesday, 24 August 2021 11:50

Analysis of latest tungsten market from Chinatungsten Online

The premium that China’s ammonium paratungstate (APT) spot price typically holds over long-term contract prices has disappeared in the week ended on Friday, August 20, 2021 as domestic tungsten market was in a stalemate. 

The APT spot price in China is usually higher than the long-term contract prices published by the tungsten industry association and major tungsten companies in the country.

However, there was no premium between the spot price and long-term contract price last week. The downstream powder and alloy industry felt the pain of expensive feedstock prices. Any further price increase would discourage downstream buyers from purchasing the raw material. 

Market participants are not optimistic about the outlook. On the one hand, it is owing to the upward price of production materials caused by environmental protection, carbon reduction, logistics, inflation, and manpower. On the other hand, it is the demand opportunity brought by the global economic recovery and expansion of infrastructure investment in the market outlook. 

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