Chinese mining shutdowns drove tungsten concentrate and APT prices upward in the latest assessment, with European APT prices following suit.
Chinese APT, concentrate prices bolstered by operation suspensions European APT prices follow Chinese market upward European ferro-tungsten market sees subdued spot demand The Chinese tungsten market rebounded significantly last week, and domestic prices for both tungsten concentrates and ammonium paratungstate (APT) jumped. Meanwhile, exporters raised offers for fob China APT to maintain their profits. Metal Bulletin assessed Chinese tungsten concentrates 65% WO3 in-warehouse prices at 110,000-112,000 yuan ($17,460-17,777) per tonne on Wednesday February 28, up 0.5% from the level before the Lunar New Year holiday (February 15-21). And market sources told Metal Bulletin that supply concerns pushed offer prices up later in the week. "Later this week, the market saw some offers at 114,000-115,000 yuan after some miners in Ganzhou, Jiangxi province, the largest tungsten production hub...