China’s APT export market remains slow amid high prices

Ammonium paratungstate (APT) exporters in China are facing rising costs due to higher domestic prices for the material, causing them to raise their offers again this past week even though foreign buyers have shown little interest in purchasing at these already elevated levels.

Fastmarkets’ weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $236-240 per metric tonne unit (mtu) on Wednesday January 13, narrowing upward by $1 per mtu from $235-240 per mtu a week earlier.

Exporter sources in China told Fastmarkets that they needed to continue raising offers for their APT because they could not source cheap materials from the domestic market. This is despite the fact that overseas consumers were reluctant to pay...

Published

Ruby Liu

January 14, 2021

04:08 GMT

Shanghai