GLOBAL TUNGSTEN WRAP: China supply concerns boost buying appetite for APT

By Anna Xu / May 07, 2018 / www.metalbulletin.com / Article Link

Both the European spot and Chinese export ammonium paratungstate (APT) markets saw a greater number of inquiries over the past week amid persistent worries about possible supply disruptions in China resulting from ongoing environmental inspections in the country's Jiangxi province - a major production hub for APT.

Concerns over disruptions at APT smelters in Jiangxi province continued More inquiries were seen in the European spot and Chinese export markets for APTEuropean ferro-tungsten prices boosted by robust APT market despite sluggish spot demandMetal Bulletin assessed the fob China APT price at $326-330 per metric tonne unit (mtu) on Wednesday May 2, up 1.2% from $320-328 per mtu in the prior week."We sold around 150 tonnes of APT at $326 and $329 [per mtu] over the past week, and there are several inquiries we now cannot feed as we do not have the spot cargoes," one major Chinese tungsten...

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