Asian Metal News
JXTC Ganzhou Tungsten Alloy resumed operations on 3rd March after suspending production for all of February. The company is looking at 200 t of FeW (75% min) output for March.
JXTC sold 5 t of FeW at RMB160,000/t at the beginning of this week. According to an inside source, domestic FeW prices will hold steady next week on tight supply of tungsten concentrates and weak downstream demand.
The company produced 2,500 t of FeW in 2019 and its 2020 output is expected to be the same. It currently holds 20 t of FeW in stock.
Mainstream FeW prices are RMB158,000~161,000/t ex-works by cash, the same as last week.