Chinese Ammonium Paratungstate Price Stabilized in a Quiet Market
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- Category: tungsten‘s News
- Published on Monday, 13 September 2021 10:26
Analysis of latest tungsten market from Chinatungsten Online
Chinese ammonium paratungstate (APT) and tungsten carbide powder prices were unchanged in a quiet market in early September as overseas buyers refrained from placing orders after noticing that prices in China were weakened.
In the tungsten concentrate market, sellers have strong rised mentality because mine production will be affected by stricter environmental checks before the Mid-Autumn Festival and National Day. In addition, low-price resources are reducing, which benefits the rise of market price. But in the short term, deals are hardly concluded at high prices.
The ferro-tungsten market is weak but stable. Firstly, China’s domestic steel production restriction policy has led to a weakening of future alloy consumption expectations; secondly, the overseas Russian Ministry of Economic Development proposed to reduce or even not impose export tariffs on ferro-tungsten, ferro-molybdenum and other ferroalloys, causing industry insiders to be concerned about the future market supply and demand relationship and market trends; thirdly, the recent raw material markets have been weakened. In June of this year, the strong domestic raw material market and the levy of ferroalloy export tariffs by Russia and Canada led to a sharp increase of ferro tungsten.
Link to this article：Chinese Ammonium Paratungstate Price Stabilized in a Quiet Market
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