SHANGHAI, Aug 16 (SMM) –
Based on partial data collected by SMM, the production of ammonium paratungstate (APT) in China for July 2023 approximated to 11,100 mt. This marked a 3.7% decline compared to the previous month. During July, amidst steadfast costs and dwindling demand, APT smelters still suffered losses. This led to a decrease in enthusiasm towards production among smelting plants, compelling some small-scale private smelters to halt operations for maintenance. Further, due to factors such as environmental and safety concerns, certain smelting plants were forced to suspend operations and are yet to resume normal production, resulting in a minor drop in APT production.
Entering August, with the tungsten market still in its off-season, smelting plants are focused solely on maintaining stable output for long-term contracts, with less stock available for immediate transactions. Consequently, APT production is projected to remain steady in August.
