Average Cost and Profit of Ammonium Paratungstate Industry, 3/24-3/28, 2025

Published: Mar 28, 2025 18:09

Save

March 24-28, 2025 This week, the average cost in the APT industry was 208,836 yuan/mt, with an average profit of -1,136 yuan/mt and an average profit margin of -0.55%. Currently, the tungsten market continues to show a game between supply and demand. The supply of upstream raw materials is tight, while some just-in-time procurement orders have emerged in the market, pushing the price center upward. In this context, smelter costs have increased, but due to the rise in just-in-time procurement from downstream, corporate profits have also improved. Although losses still exist, the overall profit margin has rebounded.

March 24-28, 2025

This week, the average cost in the APT industry was 208,836 yuan/mt, with an average industry profit of -1,136 yuan/mt and an average profit margin of -0.55%.

Currently, the tungsten market continues to exhibit a tug-of-war between supply and demand. The supply of upstream raw materials is tight, while some just-in-time procurement orders have emerged in the market, pushing the price center upward. In this context, smelter costs have increased, but due to the rise in just-in-time procurement by downstream players, corporate profits have also improved. Although losses still exist, the overall profit margin has rebounded.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 16:06

[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking

Apr 3, 2026 16:06

Apr 3, 2026 15:41

Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026

Yankuang Energy stated at its 2025 annual results briefing that, according to the feasibility study report prepared by Changsha Engineering & Research Institute Ltd. of Nonferrous Metallurgy, Xinghe Molybdenum (Caosiyao Molybdenum Mine) is located in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, and has molybdenum ore resources of 1.04 billion mt, metal content of 1.089 million mt, an average grade of 0.105%, and associated metals including tungsten and zinc. The designed capacity is 16.5 million mt/year of raw ore, and annual molybdenum concentrate production will reach 30,800 mt/year upon reaching full production. In February 2026, it was issued the electronic certificate for a mining license with an annual mining scale of 16.5 million mt, and construction is expected to commence in H2 2026, with a construction period of 1.5-2 years.

Apr 3, 2026 15:41

Apr 3, 2026 15:24

Angang Steel's April ferromolybdenum tender price was 282,800/mt

[Molybdenum-Iron Steel Tender Information] SMM, April 3: Angang Steel's latest ferromolybdenum tender price was 282,800 yuan/mt (acceptance bill), with a quantity of 210 mt and a delivery date of April 30.

Apr 3, 2026 15:24