China’s Tungsten Producers Reduce Output in the Face of Environmental Protection Checks
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- Category: Tungsten's News
- Published on Friday, 16 April 2021 17:43
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten concentrate and ammonium metatungstate (APT) prices are on a similar upward trajectory in recent days with the support of tight supply of raw materials due to environmental protection checks in major tungsten producing areas.
Tungsten producers in Jiangxi province, where most of China’s tungsten concentrate and APT output have already either reduced output or suspended operations before the inspection team came on April 7, so as to avoid being ordered to shut down.
Chinese APT producers have been in a difficult situation, dealing with elevated raw material prices, weak downstream demand and a sluggish export market. As a result, APT producers are reluctant to sell their materials in the spot market, apart from those that need to be delivered as part of long-term contracts.
Prices of tungsten products on April 16, 2021
Picture of tungsten acid
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