TREE NEWS reports: Ammonium paratungstate (APT) mainstream quotes rose 10,000 yuan per ton on November 5 from the previous working day to 530,000-550,000 yuan per ton, up 4.85% week-on-week. The short-term gain does not reverse this year’s broader decline: APT’s average price is still down 11.48% from last quarter and 19.40% from the start of the year, though it remains 18.16% higher year-on-year.
APT Tungsten Price Rises 4.85% Week-on-Week to 530,000-550,000 Yuan/Ton
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AI take
The tug-of-war between this week's bounce and the year's deeper slide is the real story here: a 4.85% weekly gain sits inside an 11.48% quarterly and 19.40% year-to-date decline, with the year-on-year comparison still positive. That mix suggests a rebound within a downtrend rather than a change in direction, and the wide 530,000-550,000 yuan quote band points to uneven conviction among sellers. Whether the weekly momentum can hold against the longer downtrend is the open question worth watching.
Generated by AI for reference only.
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