China’s Xiamen tungsten Raised its APT Bid Price for Early August
- Category: Tungsten’s News
- Published on Friday, 13 August 2021 09:16
Analysis of latest tungsten market from Chinatungsten Online
China’s ammonium paratungstate (APT) and tungsten powder prices continue to keep firm at the beginning of the week when the whole tungsten market is in a stalemate and participants take a watchful stance.
In the tungsten concentrate market, the cost of raw materials is at a high level considering the exchange rate, environmental checks, epidemic prevention and control or recent natural climate conditions. Sellers still have strong rised mentality and try to raise their offers to $18,254/ton.
In the APT market, smelting companies mostly stabilize their offers above $304.9/mtu, but actual deals are hardly concluded at the level as buyers mainly refer to bid prices released from stated-own companies. China’s Xiamen Tungsten raised its APT bid price to $303.1/mtu for early August, an increase of $20.6/mtu compared from the second half of July.
In the tungsten powder market, traders’ offers are stable supported by the cost. Coupled with the impact of the increase in the average price predicted by institutions, the price of tungsten powder is likely to rise above $41.3/k, despite end-users may not accept it. Now the whole market tends to stabilize.
Link to this article：China’s Xiamen Tungsten Raised its APT Bid Price for Early August
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