APT Exports Reached 1,136t in April-June in China

Details: Category: Tungsten's News; Published on Monday, 02 September 2019 11:04

Analysis of latest tungsten market from Chinatungsten Online

The latest ferro tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.

According to Chinese customs data, APT exports reached 1,136t in April-June, up from 928t in the first quarter of this year and 944t in fourth quarter of 2018. In the fourth quarter of 2018 and first quarter of 2019, the APT differential with Europe averaged of $9.20/mtu, but had widened to $17.90/mtu in April-June.

Despite various supply, demand and macroeconomic headwinds, which have curbed wholesale prices, tungsten projects in Europe might stay on track as the region looks to reduce its dependence on Chinese APT exports.

Prices of tungsten products on Aug. 30, 2019

APT price image