China’s APT export prices trend upward, but logistics concerns cloud market

Exporters of ammonium paratungstate (APT) in China have raised their offers amid a strengthening domestic market, though concerns over logistics as a result of the approaching Chinese New Year is sapping their interest to trade.

Fastmarkets’ weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $238-243 per metric tonne unit (mtu) on Wednesday January 20, up by $2-3 per mtu (1.1%) from $236-240 per mtu a week earlier.
Sources told Fastmarkets that domestic prices for APT had risen to around 135,000-136,000 yuan ($20,867-21,022) per tonne in the past week, compared with 133,000-135,000 yuan per tonne a week earlier.
“[The domestic] APT market is experiencing tight supply because APT refineries have their suspended operations.

“The market is confident that APT prices will continue to move up after the...

Published

Ruby Liu

January 21, 2021

09:04 GMT

Shanghai