China’s APT export price remains stable; domestic tungsten market shows signs of uptrend

Export prices for Chinese ammonium paratungstate (APT) remained relatively stable this week given that sellers felt it was not easy to source cheap material from the domestic market.

Fastmarkets’ weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $262-269 per metric tonne unit (mtu) on Wednesday March 31, maintaining a range held since March 17.
China’s major producers continued to hold their export offer prices firm and were able to conclude deals at the high end of the assessed range.
“I don’t have any intention to lower prices to facilitate sales. I’ll not consider selling at fob prices below $265 per mtu,” an APT producer source said.
A second producer source held a similar view.

“The overseas market is in serious shortage of APT. The traffic jam in the Suez Canal a few days ago makes some overseas buyers rethink the importance of procuring raw materials in advance...

Published

Ruby Liu

April 01, 2021

07:49 GMT

Shanghai