China’s GTA halts tungsten price forecasts for April; expectations for APT plants to suspend operations grow

Ganzhou Tungsten Association (GTA) and some major tungsten companies in China have not offered forecast prices for tungsten concentrates and ammonium paratungstate (APT) for April due to a lack of liquidity in the market, participants told Fastmarkets.

At the same time, several APT refineries in the country are said to be considering suspending their operations from mid-April owing to the weak market conditions.
Market sources told Fastmarkets that the tungsten industry is experiencing an unprecedented downturn. Previously when prices for tungsten concentrates and APT fell, the market still saw a healthy number of trades concluded. This year, however, the tungsten market seems to be pressing the pause button due to weak demand and production disruptions downstream because of the Covid-19 pandemic.

Fastmarkets’ price assessment for tungsten concentrate 65% WO3, in-whs China was 78,000-80,000 yuan ($11,043-11,327) per tonne on Wednesday April 8, down...

Published

Ruby Liu

April 09, 2020

10:15 GMT

Shanghai