GLOBAL TUNGSTEN SNAPSHOT: Yuan weakness weighs on China APT price; European ferro-tungsten market continues to strengthen

Key data from the pricing sessions in London and Shanghai in the week ended on Friday August 16.

China Key drivers China’s ammonium paratungstate (APT) export market weakened amid a depreciation in the yuan over the past week, with Fastmarkets’ price assessment for tungsten APT 88.5% WO3 min, fob main ports China edging down to $196-205 per metric tonne unit (mtu) on August 14 after four weeks of stability. The price is now at its lowest since February 2017, when the price was assessed at $195-200 per mtu. The value of the yuan against the dollar has remained above 7 to $1 since August 5 amid intensifying trade tensions...

Published

Ewa Manthey

Huaqing Fu

August 19, 2019

10:15 GMT

Shanghai, London