SHNAGHAI, May 9(SMM) - SMM data shows that in April 2022, APT output was 13,800 mt, an increase of 12.2% from March. Domestic APT output showed a small increase in April compared to March.
The main reasons are as follows: First, in early April, the safety and environmental control in the north and the Beijing-Tianjin-Hebei region eased, and the average operating rate of the upstream and downstream producers in the tungsten industry chain increased significantly. Coupled with improved downstream demand and adequate supply of raw material, production of APT smelters was able to resume. Second, affected by the Russia-Ukraine conflicts, overseas market have shifted their demand for Russian tungsten products to Chinese products, increasing the purchases of domestic APT to a certain extent. Domestic APT output improved in April under the influence of the above two reasons.
APT output is expected to stabilise.