The market price of ammonium paratungstate (APT) is on the rise and market concentration will continue to increase in the future.

Ammonium paratungstate (APT) is a product obtained by hydrosmelting of tungsten concentrate. It appears as white crystals. It is soluble in water but insoluble in alcohol. The aqueous solution is weakly acidic. Ammonium paratungstate is a raw material end product and can be used to manufacture tungsten trioxide, ammonium phosphotungstate, metal tungsten powder, tungsten wire, tungsten strip, tungsten carbide, alloy molds and other products. The terminal application scenarios involve petroleum, chemical industry, electronics, building materials, machinery , cemented carbide and many other fields.

my country is the world’s largest tungsten production and sales country, and its tungsten production and export volume ranks first in the world. my country’s abundant tungsten resources provide a solid raw material foundation for the development of the ammonium paratungstate industry. In recent years, due to technological reforms and equipment maintenance, the output of my country’s ammonium paratungstate industry has fluctuated greatly. In 2021, the output of my country’s ammonium paratungstate industry was approximately 112,000 tons. From January to August 2022, the output of the ammonium paratungstate industry was 87,000 tons, a year-on-year decrease of 31.4 %.

According to the “2023-2027 Ammonium Paratungstate Industry Market In-depth Research and Investment Prospect Forecast Analysis Report released by the Industrial Research Center, my country is A major producer of ammonium paratungstate, there are many domestic ammonium paratungstate manufacturers, including Xiamen Tungsten, Hunan Gold, Xianglu Tungsten, Zhangyuan Tungsten, Luoyang Molybdenum, Gold Molybdenum Co., Ltd., Chinatungsten High-tech, etc. In the future, as the industrial structure continues to be optimized, the ammonium paratungstate market concentration will further increase.

From the perspective of production capacity distribution, affected by the distribution of tungsten ore resources, my country’s ammonium paratungstate production capacity is relatively concentrated, with Jiangxi, Fujian, Hunan and other regions having higher ammonium paratungstate production. Ammonium paratungstate is an important material in the tungsten smelting industry, and its output is greatly affected by the supply of upstream tungsten ore. Since 2020, due to the limited output of raw material tungsten ore, the production pressure of ammonium paratungstate in my country has increased, and the market price has maintained a growth trend, but entering the fourth quarter of 2022 In the third quarter, the market price growth of ammonium paratungstate gradually slowed down.

From the perspective of the import and export market, my country’s ammonium paratungstate import and export market has been in a trade surplus for a long time. According to data from the General Administration of Customs of China, in 2021, the export volume of ammonium paratungstate was 2852.5 tons, the export unit price was 24.64 US dollars/kg, and the import volume was 218.7 tons, the import unit price is US$20.02/kg. From the perspective of export country distribution, the Netherlands, Japan and Germany are my country’s main export destinations for ammonium paratungstate. In 2021, my country’s total export volume of ammonium paratungstate to the three major countries was 2,724.5 tons, accounting for approximately 95.5% of the total export volume.

Industry analysts said that ammonium paratungstate can be used to manufacture a variety of tungsten compounds and has a wide range of downstream applications. Ammonium paratungstate is an important material in the tungsten smelting industry. my country is rich in tungsten ore resources, which is beneficial to the development of the ammonium paratungstate industry. Ammonium paratungstate is mainly produced by evaporation crystallization. In recent years, due to the limited output of raw material tungsten ore and the increased production pressure of enterprises, the market price of ammonium paratungstate has shown an upward trend.