Jiangxi APT refiners to cut production by 30% in June 'to combat poor market'

A group of 17 Chinese refiners of ammonium paratungstate (APT) in Jiangxi have decided to cut their production by 30% in June, with the restrictions to last no less than 15 days, according to a joint statement.

The decision was taken at a meeting on June 5 in Jiangxi province, China’s tungsten production hub.

“The cut is an attempt to combat poor market conditions,” a source told Fastmarkets on Thursday June 6, adding that the domestic price of APT was currently much lower than the production...

Published

Huaqing Fu

June 06, 2019

13:55 GMT

Shanghai