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China’s GTA Announced Higher APT Price Forecasts for July

Posted by: Chris Na 2021-12-15 Comments Off on China’s GTA Announced Higher APT Price Forecasts for July

China’s GTA Announced Higher APT Price Forecasts for July

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Category: tungsten’s News
Published on Thursday, 23 July 2020 13:52

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China tungsten market show signs of rise due to the higher forecast prices from Ganzhou Tungsten Association (GTA) and listed companies. Although insiders are not optimistic about the outlook, the supply and demand sides are offering support for the market. 

China's GTA has raised its tungsten concentrate and ammonium paratungstate (APT) price forecasts for the late July. The association expected wolframite concentrate (WO3≥55%) price to average $11,691.2 per ton, a rise of $220.6 per ton from the first half of July; scheelite concentrate (WO3≥55%) price was $11,470.6 per ton, up $220.6 per ton; APT price was 205.2 per mtu, up $4.2 per mtu. 

Xiamen Tungsten also offered its quotation for APT at $204.4 per ton, up $3.3 per ton from early July. 

The higher forecast price reflects the current good sentiment in China’s spot market. In the short term, the price may rebound, but current low trading activity needs to be followed up.

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