GLOBAL TUNGSTEN WRAP: APT prices continue to march higher on tightening supply

By Anna Xu / March 19, 2018 / www.metalbulletin.com / Article Link

Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China.

APT prices rise on tighter supply, slower Chinese output  Profit-taking prompts fall in ferro-tungsten prices in China  Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on Friday March 16, up $4 at the high end of the range compared with the previous week's assessment. "There is still resistance for lower prices with people unwilling to let go off their material easily for now," a trader said. "Tightness is still there with mines not delivering concentrates yet," the trader added. Metal Bulletin's APT export price stood...

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