Shanghai Nonferrous Metals News
China produced 11.7 kt of APT in March 2023, up by 6% m-o-m. The rise in production can be attributed to APT smelters returning to normal operations, focusing on delivery of long-term contracts. Domestic APT prices on the spot market slid slightly in March led by a flat market with limited new orders.
Looking forward to April, SMM forecast monthly production to be stable at the current level in the wake of declining raw material prices (tungsten concentrates) enabling some thin margins for APT smelters.