Average Cost and Profit of Ammonium Paratungstate Industry, April 21-25, 2025

Published: Apr 25, 2025 16:10
April 21-25, 2025 Currently, the tight supply of upstream raw materials has led suppliers to generally stand firm on quotes and hold back sales, causing the price of tungsten concentrate to continue rising. This has further increased the raw material costs for smelters, severely compressing the profit margins of enterprises. Although product prices have risen due to the impact of ore prices, the increase has been limited. As downstream market demand has not improved, the profit margins of enterprises have not seen any improvement. This week, the profit of APT continued to decline, and the inverted price situation of smelters is difficult to improve in the short term.

April 21-25, 2025

Currently, the tight supply of upstream raw materials has led suppliers to generally stand firm on quotes and hold back sales, resulting in a continuous rise in tungsten concentrate prices. This has further increased the raw material costs for smelters, severely compressing the profit margins of enterprises. Although product prices have risen due to the impact of ore prices, the increase has been limited. As downstream market demand has not improved, the profit margins of enterprises have not seen any improvement. This week, the profit of APT continued to decline, and the inverted price situation of smelters is difficult to improve in the short term.

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 for 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
【Flash | Peru’s June Molybdenum Output Rises 5.4% YoY, H1 Total Falls 4.5%】
1 hour ago
【Flash | Peru’s June Molybdenum Output Rises 5.4% YoY, H1 Total Falls 4.5%】
Read More
【Flash | Peru’s June Molybdenum Output Rises 5.4% YoY, H1 Total Falls 4.5%】
【Flash | Peru’s June Molybdenum Output Rises 5.4% YoY, H1 Total Falls 4.5%】
Peru’s Ministry of Energy and Mines (MINEM) reported molybdenum production of 3,029 tonnes in June 2026, up 6.5% MoM and 5.4% YoY. H1 output totaled 18,777 tonnes, down 4.5% YoY. Sociedad Minera Cerro Verde produced 943 tonnes in June, up 76.1%, while Anglo American Quellaveco produced 479 tonnes, up 25.6%. Southern Peru Copper Corporation’s output declined 16.0% to 1,065 tonnes. Gains at Cerro Verde and Quellaveco supported the monthly rebound, although cumulative supply remained below last year.
1 hour ago
[SMM Analysis] Stronger Profits, Yet Limited Supply Elasticity: H1 2026 Americas Molybdenum Mine Review
Sep 12, 2026 00:05
[SMM Analysis] Stronger Profits, Yet Limited Supply Elasticity: H1 2026 Americas Molybdenum Mine Review
Read More
[SMM Analysis] Stronger Profits, Yet Limited Supply Elasticity: H1 2026 Americas Molybdenum Mine Review
[SMM Analysis] Stronger Profits, Yet Limited Supply Elasticity: H1 2026 Americas Molybdenum Mine Review
In H1 2026, Americas moly supply divergence deepened. Despite stronger mining profits, overall output failed to rebound. While H2 may see recoveries at select large mines, supply elasticity remains constrained. Which operations are dragging on supply, and where will incremental growth emerge? SMM data reveals a market entering a new phase of "stronger margins, diverging production, and concentrated incremental gains."...
Sep 12, 2026 00:05
[SMM Chromium Week Review] Chrome Ore Flows Rebound as China Port Stocks Build, Zimbabwe Eyes Ferrochrome Capacity
Sep 11, 2026 20:21
[SMM Chromium Week Review] Chrome Ore Flows Rebound as China Port Stocks Build, Zimbabwe Eyes Ferrochrome Capacity
Read More
[SMM Chromium Week Review] Chrome Ore Flows Rebound as China Port Stocks Build, Zimbabwe Eyes Ferrochrome Capacity
[SMM Chromium Week Review] Chrome Ore Flows Rebound as China Port Stocks Build, Zimbabwe Eyes Ferrochrome Capacity
September 11, 2026.
Sep 11, 2026 20:21
Average Cost and Profit of Ammonium Paratungstate Industry, April 21-25, 2025 - Shanghai Metals Market (SMM)