China's APT export price firm despite weak overseas demand; domestic concentrate market in stalemate

Chinese exporters of ammonium paratungstate (APT) held their offer prices firm this past week due to expectations for the yuan to continue strengthening against the dollar, even though overseas markets remained quiet.

As a result, Fastmarkets' weekly price assessment for tungsten APT 88.5%WO3 min, fob main ports China was $265-275 per metric tonne unit (mtu) on Wednesday June 2, unchanged from a week earlier.
Many exporters have not receive inquiries from abroad in the past few weeks and they also did not make unsolicited offers, Fastmarkets heard.
Some large exporters received a limited number of overseas inquiries, and they kept prices above $270 per mtu.

"The domestic price remains firm around 147,000 yuan ($23,026) per...

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