Tight concentrates supply, higher China offers push APT prices upward

Prices for ammonium paratungstate (APT) in both Europe and the United States went up for the second consecutive week in the seven days to Friday September 11, while sentiment in China also improved with buyers returning to the market after an extended summer break.

Fastmarkets’ price for tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore, duty-free, was last assessed at $220-225 per mtu WO3 on Friday, up by 3% from the previous week’s assessment of $212-220 per mtu. The market was now at its highest level since mid-June.
The European and US markets both followed China’s domestic market upward, sources said.

“The market is still supported by recovering prices in China. Operations there still haven’t resumed fully since the end of the [Covid-19]...

Published

Ewa Manthey

September 14, 2020

12:02 GMT

London