European Ammonium Paratungstate Market (APT Market) On Jun 24,2013

European ammonium paratungstate market (APT market) offering prices held firm last week, closing between USD385-395mtu in warehouse Rotterdam on Friday, although buying activity remained scarce as consumers held back from purchasing due to plentiful reserves of inventory.

European ammonium paratungstate prices (APT prices) are closely following China export prices, which have moved up strongly over the past three weeks due to the June tungsten concentrate guide price increasing 12%.

European sources agreed that APT numbers are likely to hit USD400mtu in warehouse Rotterdam, but the thinly traded European market may mean that the rate of increase is slower than initially.

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