GLOBAL TUNGSTEN WRAP: Bearish sentiment, quiet market keeps APT prices unchanged; European ferro-tungsten price edges up

The ammonium paratungstate (APT) market was quiet in the week ended Friday February 1 amid weak demand, while the European ferro-tungsten market edged up slightly on improved spot market activity.

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...

Published

Ewa Manthey

Huaqing Fu

February 04, 2019

15:28 GMT

London; Shanghai