Concerns about higher replacement costs, currency fluctuations spur China APT exporters to raise offers

Chinese exporters raised their offers for ammonium paratungstate (APT) this week amid concerns about higher replacement costs and currency fluctuations owing to shipment delays.

Fastmarkets’ weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $302-308 per metric tonne unit (mtu) on Wednesday August 4, up by $5-7 per mtu (2%) from $295-303 per mtu on July 28.
Deals were reported concluded within the assessed range, while offer prices above the range were also heard in the market.

Market sources told Fastmarkets that China’s domestic APT market remains firm, and prices will most likely continue to rise. Thus, exporters had adjusted their offers upward to ensure that sales could cover the replacement costs when they source more material from...

Published

Ruby Liu

August 05, 2021

04:10 GMT

Shanghai