February 24-28, 2025
This week, the average cost in the APT industry was 213,771 yuan/mt, the average profit was -2,971 yuan/mt, and the average profit margin was -1.41%.
Currently, supply growth expectations are slightly stronger than demand recovery expectations, while procurement demand on the consumption side remains limited. Downstream alloy procurement demand is weak, leading to stagnant overall market trading activity. The demand side remains sluggish, with no significant improvement observed, suppressing traders’ enthusiasm and spot transaction performance. Overall, tungsten prices show a weak trend. This has led to a decline in the costs of APT smelters, but due to thin profits, the phenomenon of price inversion persists.
(Source)