GLOBAL TUNGSTEN WRAP: APT markets in China, Europe supported; concentrates tightness pushes European ferro-tungsten price up

The tungsten market remained cautiously bullish in Europe and China in the week to Friday October 18 due to lingering positive sentiment and tightening concentrate supply in China.

The Chinese ammonium paratungstate export price rose by 4.3% week on week in response to continued strengthening in the Chinese market, but some market participants said they expect further uptrend momentum to be limited given the slow increase in the tungsten concentrate prices. Fastmarkets assessed the export price for tungsten APT 88.5% WO3 min, fob main ports China at $235-245 per mtu on Wednesday October 16, up from $225-235 per mtu the week before. Some exporters continued to offer material higher amid increasing domestic concentrate prices. But some sources were cautious about the strength of the market going...

Published

Ewa Manthey

Huaqing Fu

October 21, 2019

16:31 GMT

Shanghai, London