Supply Shortage Pushes China’ APT Price Upward
- Category: tungsten‘s News
- Published on Friday, 30 July 2021 16:37
Analysis of latest tungsten market from Chinatungsten Online
China’s tungsten power and ammonium paratungstate (APT) prices have jumped to their highest level since August 2018 as the market is experiencing a tight supply of raw materials and production cost keeps high.
Raw material supply and production cost have driven the market to maintain a firm momentum. Reduced output is mainly due to the impact of environmental protection and seasonal factors such as high temperature and heavy rain on the normal production of mines, as well as the control of available resources by raw material holders. While the cost is raised by imported inflation that may lead to an increase in the price of raw materials, and factors such as resource tax, carbon tax, environmental protection, epidemic prevention, and freight.
The performance of market demand is still not as expected. Although the macroeconomic recovery and the accelerated recovery of industrial manufacturing are helpful to the market outlook, the excessively rising raw material market left no time for downstream buyers. In addition, there are still many unstable factors in the international economic and trade market. therefore, traders chose to take a watchful stance.