The tungsten powder and ammonium metatungstate (APT) prices in China maintain stability when the auction of ammonium paratungstate stocks from the bankrupt Fanya metal exchange remains unclear.
International economic and trade ties are also in turmoil, so the whole market is caught in wait-and-see atmosphere with limited trading volumes. The molybdenum concentrate market has prices but no sales, supported by high costs and strong rised mentality of sellers. in addition, Chinese environmental checks makes raw material supply tight. Smelting factories remain low operating rate in the APT market affected by weak demand and risks of price inversion.