Concentrates prices increased due to tight supply because most miners are yet to completely return to work after the post-Lunar New Year holiday lull and ban of explosives.
APT prices in Europe moved up after suppliers held back from selling; the price in China remained stable.
Ferro-tungsten prices in both China and Europe made gains.
In China, Fastmarkets MB assessed the export APT, Chinese number 1 grade, price at $258-273 per mtu fob China on Wednesday February 20, remaining unchanged for the fourth consecutive week.
Considering the quick appreciation of the yuan and the increase in the tungsten concentrate price, many sellers increased their offers, noting a fundamental floor in the APT price for the time being.
“I raised my offer from $260 per tonne to $265 per tonne this week, in line with the increase in the raw materials cost,” the first Chinese exporter said, adding...