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...