GLOBAL TUNGSTEN WRAP: Chinese APT price drops after suppliers divert domestic supply to export market; European ferro-tungsten price edges up

Chinese ammonium paratungstate (APT) and black tungsten concentrate prices fell due to persistent weakening domestic demand, while the European ferro-tungsten quotation ticked up on business concluded at higher levels.

APT price in China edged down amid slow trades  Concentrate prices was still under pressure in soft markets  Ferro-tungsten price in Europe rise slightly Fastmarkets assessed the fob China ammonium paratungstate price, min 88.5% WO3, at $275-280 per metric tonne unit on Wednesday November 21. This was down by $5 week on week from $280-285 per mtu on November 14. The fall in prices was attributed to an increase in supply to the export market. Domestic ammonium paratungstate prices have continued to weaken in China, causing suppliers to resume offering to the export market to secure sales. “Domestic APT prices dropped by...

Published

Ewa Manthey

Huaqing Fu

November 26, 2018

09:47 GMT

Shanghai; London