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 cost. “We will...

Published

Huaqing Fu

June 06, 2019

13:55 GMT

Shanghai