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China’s Tungsten Concentrate Price Kept Firm on Month-long Environmental Checks

Posted by: Chris Na 2021-12-20 Comments Off on China’s Tungsten Concentrate Price Kept Firm on Month-long Environmental Checks

China’s tungsten Concentrate Price Kept Firm on Month-long Environmental Checks

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Category: Tungsten’s News
Published on Thursday, 15 April 2021 17:14

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten concentrate and ammonium paratungstate (APT) markets strengthened following news of the environmental inspections in the middle of April. 

China has sent teams to eight provinces – Shanxi, Liaoning, Anhui, Jiangxi, Henan, Hunan, Guangxi and Yunnan – to carry out month-long environmental inspections as of April 9, a report from China’s Ministry of Ecology and Environment said.

The environmental protection will certainly reduce the production and increase the cost of raw materials. Therefore, short-term concentrate price is likely to keep firm. In addition, affected by strong recovery in China’s economy, insides highly expect for the future enhancement of the value of resources and the expansion of application fields.

In the first quarter of this year, China has demonstrated its effective control in epidemic and achieved certain economic and social development. The foreign trade market achieved a "good start." The latest data from the General Administration of Customs shows that the total value of import and export of goods was 8.47 trillion yuan, an increase of 29.2% over the same period last year. Among them, exports were 4.61 trillion yuan, an increase of 38.7%; imports were 3.86 trillion yuan, an increase of 19.3%; the trade surplus was 759.29 billion yuan, an increase of 690.6%.

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