The European ammonium paratungstate (APT) price range narrowed downward at the end of last week and the black concentrate price in China fell slightly.
APT fob price in China rose due to lack of supply ; APT price in Europe fell on low buying appetite Black concentrates price softened Ferro-tungsten price higher in Europe but Chinese prices unchangedFastmarkets MB assessed the fob China APT price, min 88.5% WO3, at $275-287 per tonne on Wednesday December 5, widening upward by $7 per tonne from a week earlier. "Compared to the last few weeks, export inquiries increased a bit this week because the availability of material in Rotterdam is insufficient now," one producer said. "We just closed a deal above $280 [per mtu]."Despite some activity in the export market, weak domestic APT demand in China is capping any prices rises. This should lead to more supply moving to the overseas market, a Chinese trader said. ...