Tightness in concentrates in China persists
APT prices move up on consumer restocking
Ferro-tungsten prices firm on tight prompt availability
In China, Fastmarkets MB assessed the export APT, Chinese number 1 grade, price at $265-277 per metric tonne unit (mtu) fob China on Wednesday March 6, up $2 on the high end of the range from $265-275 per mtu last week amid tightening availability in Rotterdam.
“This week, there was more buying due to the tight supply in Rotterdam warehouses. Prompt material is very scarce,” one Chinese APT exporter said, adding that he closed some deals at around $274-275 per mtu in this pricing session.
On the other hand, some traders in China failed to attract any real buying interest last week, but those traders were holding their offers unchanged for the time being as...