Spot prices for ammonium paratungstate (APT) climbed last week in Europe, buoyed by tightening availability of the material and strong downstream demand, as the market considered the effects of Xiamen Tungsten being temporarily denied its export license.
Metal Bulletin assessed APT prices in a range of $310-318 per mtu, cif Rotterdam, on Friday January 12. This was up by 0.9% week-on-week from $307-318 per mtu.Offers were heard above the new price range, as high as $320 per mtu."Downstream order books are very strong, and are looking [to remain] that way for the foreseeable future," a consumer said.Xiamen Tungsten, one of China's...