China’s tungsten market continues to strengthen; APT export market slowly recovers

Participants in China’s tungsten market continue to report rising prices for concentrate and ammonium paratungstate (APT) owing to tightened spot supply in the country.

Meanwhile, the APT export market looks to be staging a slow recovery, with some major Chinese tungsten producers having some success in securing deals while others continue to lament a lack of demand from abroad.
Firmer concentrate price
Fastmarkets’ weekly price assessment for tungsten concentrate 65% WO3, in-whs China was at 87,000-89,000 yuan ($12,711-13,003) per tonne on Wednesday September 9, widening upward by 1,000 yuan per tonne from 87,000-88,000 yuan per tonne a week earlier.
Market sources said that tungsten concentrate producers have a strong will to push up prices, because the latter believe only a price above 90,000 yuan per tonne reflects the value of the raw material. The current price level is only slightly above an average production costs of around 85,000 yuan per tonne, leaving limited profit margin for tungsten producers.

As a result, those with concentrate on...

Published

Ruby Liu

September 10, 2020

10:16 GMT

Shanghai