Shanghai Nonferrous Metals News
Domestic tungsten prices are holding firm at the beginning of the week, with tungsten concentrate (65% WO3) prices at RMB 119,000~120,500/t and APT prices at RMB 182,000~183,000/t level.
Increasing COVID cases and pandemic control measures disturb road transport in several producing regions, seeing producers grappling with product delivery and raw material receiving issues at the same time. At present, producer are operating on existing orders and cautious in taking new orders with quotations being unchanged.
However, A Jiangxi logistic company announce to raise its logistics prices by 12% from 6 April 2022, citing rising oil prices and increased transportation restrictions caused by COVID control policies.