Rising demand, low supply fuel EU APT price rally

摘要

European tungsten prices have risen to a three-year high on rising demand, depleted inventories in Rotterdam, shipping delays from Asia-Pacific and tightening raw material supply. Argus-assessed prices for ammonium paratungstate (APT) with 88.5pc min WO3 content climbed to $300-305/mtu duty unpaid in warehouse Rotterdam yesterday, their highest since 22 August 2018, when prices stood at $295-305/mtu. APT prices have gained over 28pc this year from an assessment midpoint of $233/mtu in early January.