GLOBAL TUNGSTEN WRAP: Tightening material availability pushes APT, ferro-tungsten prices higher

Tungsten prices have climbed higher in both Europe and China in the past week on tightening availability of raw material ahead of the week-long national holiday in China beginning on February 15.

  • China’s tungsten prices rebound amid low availability 
  • European APT, ferro-tungsten prices increase on tightening raw material supply, currency fluctuations 
  • The approaching Chinese New Year is affecting deliveries, while most smelters are shutting down operations ahead of holidays

China’s domestic tungsten price rebounded last week amid low availability, while export prices rose on yuan appreciation and a recovery in the domestic market.
Metal Bulletin assessed Chinese tungsten concentrates 65% WO3 in-warehouse prices at 110,000-111,000 yuan ($17,488-17,647) per tonne on Wednesday January 31, up 1,000 yuan at the low end of the range.

“Some miners have stopped quoting as it is difficult to find logistic companies at this moment [that have not yet shut...

Published

Anna Xu

Ewa Manthey

February 05, 2018

17:44 GMT

Shanghai, London