Chinese APT Price Narrowed down on Muted Buying Appetite
- Category: tungsten’s News
- Published on Monday, 17 December 2018 18:46
Analysis of latest tungsten market from ChinaTungsten Online
Chinese ammonium paratungstate (APT) price range narrowed downward in the week to Friday December 14 and wolframite concentrate price in China fell slightly. As the market remained bad trading atmosphere and buyers were not active in inquiries.
In the tungsten concentrate market, the environmental protection policy will continue to tighten market supply, but considering the stability in production costs, sellers are reluctant to low prices. However, terminal demand is hard to be recovered, and downstream factories are not active in replenishment, which weaken market confidence. At present, the market is still caught in wait-and-see atmosphere.
With increasing pressure of funds at the end of this year, APT manufacturers have strong will to sell products. Purchasers are not active to buy products as prices are expected to decline further, so actual transactions show no signs of increase. Now that APT price is at the bottom, the further decline would be limited.
New increased orders are still less in the tungsten powder market. Low trading activity coupled with capital shortage result in the decline in tungsten power prices. The deadlocked supply and demand would continue in the short term.
Link to this article：Chinese APT Price Narrowed down on Muted Buying Appetite
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