GLOBAL TUNGSTEN WRAP: Concentrate, APT prices in China inch down again; European market awaits further direction

Tungsten concentrate and ammonium paratungstate (APT) prices in China inched down last week, while ferro-tungsten prices in Europe were unchanged in a quiet market.

Tungsten concentrate suppliers in China cut offers due to the softening downstream market Chinese APT export price edged down again European APT price rolled over due to Easter holiday Ferro-tungsten prices in Europe unchanged; material tightness continues Sentiment deteriorated in the Chinese tungsten market this past week amid growing concerns among suppliers that domestic prices could decline further in line with forecasts from China’s Ganzhou Tungsten Association (GTA). The GTA lowered its tungsten price forecasts for April due to the implementation of a lower value-added tax (VAT) rate in the country from the first of the month. The GTA forecasts the domestic Chinese APT price to average...

Published

Ewa Manthey

Huaqing Fu

April 22, 2019

03:33 GMT

Shanghai, London