GLOBAL TUNGSTEN WRAP: APT, ferro-tungsten prices up amid tight prompt availability

The ammonium paratungstate (APT) and ferro-tungsten prices continued to climb last week in China and Europe amid tightening prompt availability and renewed domestic demand in China.

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...

Published

Ewa Manthey

Huaqing Fu

March 04, 2019

17:40 GMT

London, Shanghai