After-effects of Fanya APT auction, tight concentrate market boost Chinese export price by over 9%

The Chinese ammonium paratungstate price shot up by 9.7% week on week on Wednesday September 25 due to improved market sentiment and a tighter upstream concentrate supply.

The price outlook for ammonium paratungstate brightened following the successful auction of all 28,336 tonnes of the material previously held on the Fanya Metal Exchange on September 17. The purchase has bolstered sentiment because most participants do not believe the stocks will flood the spot market any time soon since buyer China Molybdenum will aim to make a decent profit from the purchase.

The fierce competition during...

Published

Huaqing Fu

September 30, 2019

14:13 GMT

Shanghai