Average Cost and Profit of Ammonium Paratungstate Industry, March 31-April 3, 2025

March 31-April 3, 2025

This week, the average cost in the APT industry was 210,281 yuan/mt, with an average industry profit of -1,156 yuan/mt and an average profit margin of -0.55%.

Currently, the tug-of-war between sellers and buyers in the tungsten market remains intense. Upstream suppliers are holding back cargoes, expecting market prices to rise further, which has not alleviated the cost pressure on smelters. Meanwhile, downstream market orders show weak growth, and downstream enterprises mainly make just-in-time procurement. The overall market appears sluggish due to the standoff between upstream and downstream, resulting in relatively small changes in the cost and profit of smelters WoW. Market sentiment is generally cautious and watchful.