Tight supply bolsters China tungsten conc, APT prices

摘要

Prices for tungsten concentrate and ammonium paratungstate (APT) in China will stay firm in the short term amid persistent supply tightness while the country’s producers gradually resume operations following the extended Lunar New Year break, market sources said on Wednesday February 19. 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 novel coronavirus (2019- nCoV) outbreak. Only in the past two weeks have plants been able to begin a gradual restart of operations.