Traditionally, Chinese producers choose to suspend operations for maintenance work during the new year holiday, and resume production after the fifteenth day of the first lunar month.
But the restart to this year’s production has been delayed due to the outbreak of the newly named Covid-19 disease. Only in the past two weeks have plants been able to begin a gradual restart of operations.
Fastmarkets’ latest price assessment for tungsten APT, 88.5% WO3 min, fob main ports China
, was steady week on week at $240-243 per mtu on February 19, but was up by 3.9% from $230-235 per mtu on January 29.
Fastmarkets’ price assessment for black tungsten concentrate, 65% WO3, in-whs China, remained stable at 90,000-93,000 yuan ($12,850-13,279) per tonne on February 19, compared with 88,000-89,500 yuan per tonne two weeks earlier.