Export prices for ammonium paratungstate (APT) from China have continued to rise, with China's domestic supply tightening and overseas markets in urgent need of the material due to low inventories, sources told Fastmarkets this week.
Fastmarkets' weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $282-292 per metric tonne unit (mtu) onWednesday July 7, up by $7-10 per mtu, or 3.1%, from $275-282 per mtu.
Chinese exporters raised their offer prices, concerned that they would not be able to replenish stocks at favorable prices with the domestic price rising, market participants said.
"I raised the export offer prices above $280 per mtu because the cost for...