SHANGHAI CHINA TUNGSTEN SNAPSHOT: APT export market remains quiet; domestic market stable

摘要

Key data from the Wednesday October 21 pricing session in Shanghai.? The ammonium paratungstate (APT) export price in China was unchanged in a muted overseas market. Chinese exporters maintained their offers, unwilling to lower prices due to the appreciation of the yuan against the dollar. ? Domestic APT spot prices were relatively stable at 127,000-128,000 yuan ($19,050-19,200) per tonne. Sources expect prices to remain flat in the coming weeks given that firm concentrate prices are leaving limited room for APT prices to fall further. ? China’s domestic tungsten concentrate price has held due to cargo holders holding back from selling, saying that current prices are unprofitable to them.