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...