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.