China’s Ganzhou Tungsten Halted Forecast Prices for April

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.

Market sources expressed that 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.

Prices of tungsten products on Apr. 22, 2020

Picture of APT

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