GLOBAL TUNGSTEN WRAP: APT market firms ahead of Fanya auction result; ferro-tungsten range widens on destocking activity

Improved sentiment in the ammonium paratungstate (APT) market continued in the week ended Friday September 13 ahead of the Fanya tungsten stock auction, while ongoing concentrates tightness in China supported a 2.6% price jump.

Positive sentiment kept APT prices elevated, China domestic price rises  Concentrate price moves up due to supply tightness  Ferro-tungsten range widens on pick-up in destocking activity 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 11, unchanged for a fifth consecutive week. The export price has been underpinned by a rise in the domestic APT market in anticipation of a successful Fanya auction. The export market held at current levels ahead of the announcement of the auction result for the entire APT stock held in the defunct Fanya Metal Exchange. The auction began on Monday September 16 at 10am Beijing time. At the time of publication, there...

Published

Ewa Manthey

Huaqing Fu

September 16, 2019

15:21 GMT

Shanghai, London