- Tungsten concentrate suppliers in China cut offers due to the softening downstream market
- Chinese APT export price edged down again
- European APT price rolled over due to Easter holiday
- Ferro-tungsten prices in Europe unchanged; material tightness continues
Sentiment deteriorated in the Chinese tungsten market this past week amid growing concerns among suppliers that domestic prices could decline further in line with forecasts from China’s Ganzhou Tungsten Association (GTA).
The GTA lowered its tungsten price forecasts for April
due to the implementation of a lower value-added tax (VAT) rate in the country from the first of the month.
The GTA forecasts the domestic Chinese APT price to average 147,000...