Price of Tungsten Products on Apr. 20, 2022

Analysis of latest tungsten market in China from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices edge lower on April 19, 2022 with more and more insiders concerning about the continued weakness in the demand side. 

China’s Xiamen Tungsten quoted APT bid prices at $329.9/mtu for the second half of April, down $0.9/mtu from early this month. The decline in new guide prices from listed tungsten companies is likely to weaken market confidence. 

At present, traders show different sentiments. Some are worried about the significant cost pressure of raw and auxiliary materials in the context of global inflation, while others are more worried that the consumption of tungsten alloy will face greater uncertainty under the situation of repeated epidemics and local conflicts, for example, the recent epidemic in Jiangsu, Zhejiang and Shanghai has had an impact on the production and operation of auto parts companies, thereby affecting the use of cemented carbide in the automotive industry-related molds, machining and other fields. In addition, the consumption of tungsten compounds in fields such as semiconductors and consumer electronics is also affected to some extent.

From Chinatungsten Online


www.chinatungsten.com
news.chinatungsten.com