Concentrate price up on tight supply
APT moves up in Europe on low prompt inventories; Chinese market up on renewed buying
Ferro-tungsten prices in both China and Europe continue uptrend
In China, Fastmarkets assessed the APT price at $265-275 per metric tonne unit (mtu) on Wednesday February 27, up 1.7% from $258-273 per mtu on February 20 in an active market, while exporters raised their offers amid an increase in the tungsten concentrate price and renewed demand.
“We concluded an order at $274 per mtu for one container and are quoting $274 per mtu. Demand is better than a couple of weeks ago,” a Chinese exporter said.
“China’s domestic supply of...