China Ammonium Paratungstate Prices ease further In May post 14.3% Fall in April 2026

China&#**;s Ammonium Paratungstate (APT) market moved decisively lower in May **** as downstream APT buyers pared back purchases and refrained from forward-buying. Early mid-May saw weaker domestic concentrate auction clearances filter quickly into Ex-Ganzhou APT spot sentiment, while Chinese smelters in Jiangxi and Hunan maintained steady production throughout the month. Mid–late May feedstock availability and comfortable warehouse inventories kept physical APT supply accessible, but with no seasonal uplift to stimulate demand, bargaining power shifted to buyers and APT spot offers came under pressure, culminating in a pronounced close to the month as transactional volumes softened across both domestic and export channels.

Demand-side weakness was broad-based and translated directly into lower APT spot quotations. According to ChemAnalyst data, Ammonium Paratungstate (**.**) Ex-Ganzhou closed May at lower levels compared to April, reflecting continued weakness in downstream APT consumption. Cemented-carbide tool makers remained weak, choosing to work off existing APT...