(AMM) Tungsten tags tumble for want of deals

NEW YORK 04 May 2009 17:05

U.S. tungsten prices have declined considerably over the past month or so in a lifeless market, according to traders and buyers.

"Everyone is just trying to sell what they can but people are still using up inventories," a trader said. "It may be that inventories are running low, but we really don't know how much is out there."

The trader put current prices for ammonium paratungstate (APT) at around $160 per short ton unit (stu) but said it was next to impossible to fix a valid price with such scarce market activity.

"Everyone is struggling to stay above water," the trader said. "Hopefully, things will pick up in May. We'll see."

Market sources in...

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(AMM) Tungsten tags tumble for want of deals

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