CHINA TUNGSTEN SNAPSHOT: APT export price up amid stronger yuan

摘要

Key data from the Wednesday November 18 pricing session in Shanghai. - The Chinese ammonium paratungstate (APT) export price narrowed upward slightly on the continuous appreciation of Chinese yuan against the United States dollar, despite a sluggish overseas spot market. - Domestic spot prices of APT stabilized between 125,500 yuan and 126,000 yuan ($19,114-19,190) per tonne after a rebound the previous week. - China’s domestic tungsten concentrate prices were flat in a slow market. Cargo holders withheld from selling and held prices firm, underpinning downstream APT prices.