GLOBAL TUNGSTEN WRAP: Hopeful sentiment for Fanya APT auction supports prices; concentrates supply tightens

Sentiment in the ammonium paratungstate (APT) market improved in the week ended Friday September 6 in anticipation of a successful auction of tungsten stocks held by the defunct Fanya Metal Exchange and amid tightening concentrates supply in China.

Fanya auction improves price sentiment in ammonium paratungstate (APT)  Market participants cite tightening tungsten concentrate supply for supporting prices  Ferro-tungsten edges down week on week amid aggressive offers Support seen for APT prices as sentiment improves Fastmarkets assessed the price for tungsten APT 88.5% WO3 min, fob main ports China at $196-205 per metric tonne unit (mtu) on Wednesday September 4, unchanged for a fourth week in a row. The European market was also unchanged. Fastmarkets assessed the price for tungsten APT 88.5% WO3 min Europe, cif Rotterdam duty-free at $195-205 per mtu on Friday, unchanged for the third consecutive week, with the market continuing to trade at its lowest level since mid-February 2017. But the sentiment has improved slightly, following a successful auction for antimony stocks held by the defunct Fanya Metal Exchange, market sources said.  China Minmetals purchased the...

Published

Ewa Manthey

Huaqing Fu

September 09, 2019

11:54 GMT

London, Shanghai