Chinese APT Price Kept Steady, While European Dipped

Details: Category: Tungsten News; Published on Wednesday, 03 September 2014 16:14; Written by jwy; Hits: 4674

Chinese APT was offered at RMB166,000/mt (USD27,213/mt, export duty excluded), but real transaction price was RMB163,000-164,000/mt (USD26,721-26,885/mt, export duty excluded) . Downstream buyers purchased small volumes amid depressed market.

European APT price dropped to USD350-360/mtu, and participants reported lower offer and weak demand. The market was quite quiet, and expected to last till September. Sentiments has been subdued, therefore leading to fall offer.

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