Ammonium Paratungstate Price Stabilized in China

Analysis of latest tungsten market from Chinatungsten Online

A steep downturn in consumer spot demand and geopolitical turmoil dragged European tungsten prices to a near three-year low, with the premium to the Chinese market tungsten carbide burrs narrowing, despite the Yuan’s depreciation this month.

European prices for ammonium paratungstate (APT) dropped below $200/mtu for the first time since mid-February 2017 and to their lowest since October 2016, Argus data shows.

Average European APT prices' premium to Chinese export Tungsten Weights prices have narrowed sharply to just $1.10/mtu this month, in from $27.20/mtu in July.

The impact of scant spot demand in Europe from the automotive and cemented carbide sectors was further highlighted by the narrowing of the Europe-Chinese spread at a time when the yuan had fallen to an 11-year low tungsten carbide strips against the US dollar, with major Chinese producers planning to reduce production to limit losses.

Prices of tungsten products on August 9, 2019

Picture of tungsten powder 

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