Chinese exporters of ammonium paratungstate (APT) tried to hold their offers firm this past week, despite the overall export market being inactive and domestic prices in China falling, according to sources.
Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $313-319 per metric tonne unit (mtu) on Wednesday November 10, widening downward by $2 per mtu from $315-319 mtu a week earlier.
Exporter sources said they preferred to keep their offers for APT unchanged at $315-319 per mtu or slightly lower because they rarely received any solid inquiries from abroad.
"I didn't receive any overseas inquiries for APT in the past week but kept communication with potential buyers. Some of them ask me to provide a price for their reference; I told them my prices were unchanged," a trader said.
"I heard some exporters received inquiries. They may reduce prices to facilitate...