APT prices slip, but market prepared for upward trend in 2007

Dec 01, 2006 | 12:45 PM | Meghann McDonell

Ammonium paratungstate (APT) prices have dipped as spot orders come close to a standstill while companies balance their order books before the end of the year.

However, APT has managed to hold onto most of the ground it gained on the back of the Chinese export rebate tax cancellation.

Market sources said prices are in a range of $250 to $255 per short ton unit (stu), down from its previous range of $255 to $260 per stu.

"There are a lot of consumers holding back, but we should see more demand into the new year," one trader said. "Either they'll start coming back close to the holidays or early in the new year."....

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