China's Jiangxi Tungsten Lowered its Offer of Tungsten Concentrate for April

Details: Category: Tungsten's News; Published on Monday, 13 April 2020 17:41

Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association (GTA) and some major tungsten companies in China have not offered forecast prices for tungsten concentrates and ammonium paratungstate (APT) for April due to a lack of liquidity in the market.

At the same time, several APT refineries in the country are said to be considering suspending their operations from mid-April owing to the weak market conditions.

The tungsten industry is experiencing an unprecedented downturn. Previously when prices for tungsten concentrates and APT fell, the market still saw a healthy number of trades concluded. This year, however, the tungsten market seems to be pressing the pause button due to weak demand and production disruptions downstream because of the Covid-19 pandemic.

China's Jiangxi Tungsten released its offer for tungsten concentrate 65% WO3 at $11,323.5/t, down $2,647.1/t from last month.

Prices of tungsten products on Apr. 10, 2020

tungsten concentrate price image