Tungsten prices in Europe and China rose again last week, attributed to continued bullish sentiment following the successful auction of Fanya ammonium paratungstate stocks at the end of last month.
The Chinese ammonium paratungstate export price was pushed up last week by higher offers and a rise in the upstream tungsten concentrate price in China after market participants returned from a week-long national holiday there on October 1-7. Fastmarkets assessed the export price for tungsten APT 88.5% WO3 min, fob main ports China at $225-235 per mtu on Wednesday October 9, up 4.5% from $215-225 per mtu a week before. Positive sentiment in the tungsten market has continued into the second week of October alongside the rising tungsten concentrate price, making APT refiners more confident in raising...