Chinese tungsten market quiet

Posted by freemexy on October 19th, 2019

Tungsten concentrate prices again stable amid inactivity Ferro-tungsten market in Europe flatlines in thin trading European APT prices slide; Chinese APT prices under pressure Fastmarkets assessed the price for tungsten APT 88.5% WO3 min Europe, cif Rotterdam duty-free, at 5-205 per metric tonne unit (mtu) on August 23, down by 2.4% from a week earlier. The price is now at its lowest level since mid-February 2017, when the assessment last stood at 5-205 per mtu. Prices continued to come under pressure as buyers considered lower offer prices for material to be shipped to Rotterdam from China while facing no immediate requirement for prompt units. “Nobody really needs anything. Customers are saying they don’t need extra,” a consumer source said, and others agreed that buyers were adequately covered by long-term contracts. Market participants also were waiting for news of whether Fanya’s tungsten stocks will be auctioned, which could...women tungsten rings
Positive sentiment kept APT prices elevated, China domestic price rises Concentrate price moves up due to supply tightness Ferro-tungsten range widens on pick-up in destocking activity Fastmarkets assessed the price for tungsten APT 88.5% WO3 min, fob main ports China at 6-205 per metric tonne unit (mtu) on Wednesday September 11, unchanged for a fifth consecutive week. The export price has been underpinned by a rise in the domestic APT market in anticipation of a successful Fanya auction. The export market held at current levels ahead of the announcement of the auction result for the entire APT stock held in the defunct Fanya Metal Exchange. The auction began on Monday September 16 at 10am Beijing time. At the time of publication, there...

Fanya auction improves price sentiment in ammonium paratungstate (APT) Market participants cite tightening tungsten concentrate supply for supporting prices Ferro-tungsten edges down week on week amid aggressive offers Support seen for APT prices as sentiment improves Fastmarkets assessed the price for tungsten APT 88.5% WO3 min, fob main ports China at 6-205 per metric tonne unit (mtu) on Wednesday September 4, unchanged for a fourth week in a row. The European market was also unchanged. Fastmarkets assessed the price for tungsten APT 88.5% WO3 min Europe, cif Rotterdam duty-free at 5-205 per mtu on Friday, unchanged for the third consecutive week, with the market continuing to trade at its lowest level since mid-February 2017. But the sentiment has improved slightly, following a successful auction for antimony stocks held by the defunct Fanya Metal Exchange, market sources said. China Minmetals purchased the...

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freemexy
Joined: December 6th, 2018
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