Chinese tungsten conc, APT prices hit 2-year lows on slowing demand

Prices for ammonium paratungstate (APT) and tungsten concentrate in China fell to two-year lows on Wednesday July 3, with softer-than-expected demand ahead of the upcoming summer lull and ample supply weighing on both markets.

Fastmarkets assessed the China export APT, min 88.5% WO3, price at $210-220 per metric tonne unit (mtu) on Wednesday, down by 8.5% from an assessed price of $230-240 per mtu a week earlier and the lowest since April 2017. The Chinese APT export market was slow this past week with only a few deals concluded and falling within the latest assessed range. Exporters in China cut their offer prices in line with the persistently lackluster demand in international markets, market sources said. “APT demand is still weak from overseas markets at the moment. We are getting closer and closer to the summer lull,” a China-based exporter said. Persistently weak demand and ample availability of APT...


Huaqing Fu

July 04, 2019

08:42 GMT