GLOBAL TUNGSTEN WRAP: APT prices continue to rise amid tightening Chinese supply

Spot prices for ammonium paratungstate (APT) and tungsten concentrates continued to rise last week when sellers raised their offers or declined to offer at all while Chinese raw materials are in tight supply.

APT and oxide supplies continue to tighten while Chinese output slows Sellers decline to offer intermediates due to concerns over replacement cost, availability Profit-taking prompts fall in European ferro-tungsten prices Prices for tungsten raw materials rose in Europe and China last week, with market participants citing stoppages to production in China and subsequent tightness as the primary reasons for the increase. Production halted during the Chinese New Year break in mid-February and some operations are yet to restart while the two sessions of China’s National People Congress and Chinese People's Political Consultative Conference (CPPCC) are taking place. “Sellers have held back as some miners were ordered to stop producing before the beginning of the CPPCC on March 3... the local government stringently controls the use of explosive materials to avoid accidents during the two sessions,” a producer told Metal Bulletin. Metal Bulletin assessed the Chinese tungsten concentrates...


Charlotte Radford

Anna Xu

March 12, 2018

17:52 GMT

Shanghai, London