February 17-21, 2025
This week, the average cost in the APT industry was 215,181 yuan/mt, the average profit was -2,981 yuan/mt, and the average profit margin was -1.40%.
Currently, as the market resumption rate gradually increases, the expectation of stronger supply growth compared to demand recovery persists, while purchasing demand on the consumption side remains limited. Downstream alloy purchasing demand is weak, and overall market trading activity is stagnant. The bearish sentiment on the demand side has not shifted, suppressing traders' sentiment and spot transaction performance. Tungsten prices overall showed a weak trend. This led to a slight decrease in the costs of APT smelters, but due to limited profits, the price inversion phenomenon persisted. However, the overall profit margin rebounded slightly.
