China’s export APT price dips in muted market; domestic concentrate price falls

Chinese exporters of ammonium paratungstate (APT) lowered their offer prices amid sluggish overseas demand and a slightly weakened domestic market, with the second wave of the Covid-19 pandemic limiting European consumers’ purchase of the raw material, Fastmarkets learned.

Fastmarkets’ weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $219-225 per metric tonne unit (mtu) on Wednesday October 14, a drop of $2 per mtu from $219-229 per mtu the previous week. The previous week’s price was rolled over from September 30 amid China’s National Day holiday (October 1-8).

One trader told Fastmarkets that his company had not received any inquiries from abroad over the past week and was considering carrying out other business than trading APT.

Other market participants have told Fastmarkets they face a similar situation.

“I’ve braced myself for poor exports. My established consumers haven’t shown any...

Published

Ruby Liu

October 15, 2020

09:38 GMT

Shanghai