APT market quiet, underpinned by bearish sentiment
Concentrate price supported at current levels amid tight supply
European ferro-tungsten price edges up; Chinese market quiet
Fastmarkets MB assessed the fob China ammonium paratungstate price, min 88.5% WO3, at $258-273 per metric tonne unit (mtu) on Wednesday January 30, unchanged from the previous week, with no deals concluded.
“We kept our offer at $260-265 per mtu because the yuan has appreciated quickly since January 23 amid a weaker dollar,” a Chinese APT producer said.
A stronger yuan against the dollar means suppliers can...