Ferro-tungsten prices in Europe dropped on good material availability last week, while the ammonium paratungstate (APT) market was quiet with little spot business concluded and the market awaiting further direction.
APT prices edge down in China; European prices stable amid little spot activity Ferro-tungsten prices fall in Europe on good material availability Concentrates market under pressure from weakening demandFastmarkets MB assessed the APT, min 88.5% WO3, fob China price at $280-285 per metric tonne unit (mtu) on Wednesday October 31, down from $280-286 per mtu in the previous week amid limited inquiries and slow trading. "Japanese and Korean consumers' purchasing activity is thin this week," one producer in China, said. "They are only buying what they need for prompt production.""It is hard to close a deal [above...