GLOBAL TUNGSTEN WRAP: APT price edges up; ferro-tungsten availability tightens

The ammonium paratungstate (APT) prices in China and Europe moved higher last week amid consumer restocking and continued tightness in concentrates in China while prompt availability for material in Europe has tightened.

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...

Published

Ewa Manthey

Huaqing Fu

March 11, 2019

15:23 GMT

London, Shanghai