GLOBAL TUNGSTEN WRAP: APT prices weaken; spot activity slows

By Anna Xu / July 02, 2018 / www.metalbulletin.com / Article Link

Ammonium paratungstate (APT) prices continued to weaken last week, with the recent tightness subsiding and spot activity slowing down.

Chinese, European APT prices move lower Spot activity slows down Partial APT production restarts in Jiangxi province follow environmental inspections in the region The downtrend in the Chinese APT export market continued on low buying interest from outside buyers and domestic supply increases. Metal Bulletin's latest assessment for fob China min 88.5% WO3 APT dipped to $340-348 per metric tonne unit (mtu) on Wednesday June 27, down from $342-349 per mtu the previous week."I lowered offers to $340 from the previous week's $343, but still did not conclude any deals," one APT exporter told Metal Bulletin. "Buying appetite was low over the past week, added to by the expected supply...

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