GLOBAL TUNGSTEN WRAP: Concentrate price down again; Europe APT price rangebound

The tungsten concentrate price in China moved down again last week following the value-added tax (VAT) cut, while the Chinese ammonium paratungstate (APT) price followed the downtrend, yet prices in Europe were unchanged in a quiet market.

Concentrate prices down again on VAT cut; Chinese APT price follows lower European APT market quiet; prices stable Ferro-tungsten prices in Europe unchanged; material tightness continues The tungsten concentrate price in China continued its move down last week amid weak market sentiment after a downbeat April forecast from China’s Ganzhou Tungsten Association (GTA) and the VAT rate was reduced. China’s VAT rate for the manufacturing industry lowered to 13% on Monday April 1 from 16% as part of the government’s attempt to stimulate a slowing economy. Meanwhile, China’s GTA lowered the domestic Chinese APT price to an average of 147,000...

Published

Ewa Manthey

Huaqing Fu

April 15, 2019

14:25 GMT

Shanghai, London