GLOBAL TUNGSTEN WRAP: Conc tightness continues to lend support to APT prices; ferro-tungsten prices still firm on limited prompt availability

Tightness in concentrates in China continued to lend support to the ammonium paratungstate (APT) price last week but further upside is unlikely given forthcoming safety inspections in Jiangxi province.

APT prices in China and Europe supported at current levels Concentrate tightness in China continues but new round of safety inspections in Jiangxi unlikely to add support Ferro-tungsten market in Europe firm amid continuous prompt tightness Fastmarkets assessed the China export APT price at $270-277 per metric tonne unit (mtu) fob China on Wednesday March 27, unchanged from the previous week. Most sellers are keeping their offers unchanged in line with the steady upstream tungsten concentrate price. There are no signs of prices softening in the near term, market sources said. “I heard some deals at $275 for oxides and I don’t expect APT prices to drop much,”...

Published

Ewa Manthey

Huaqing Fu

April 01, 2019

14:47 GMT

Shanghai, London