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Kunshan Xingbang halts sodium tungstate production

2019-04-28 11:27:43   【Print】
BEIJING (Asian Metal) 26 Apr 19 - Located in Jiangsu, China, Kunshan Xingbang W&M Technology Co.Asian Metal Copyright" He also noted most downstream buyers hold a wait-and-see attitude.Asian Metal Copyright, Ltd.Asian Metal Copyright It produced about 10t in April, down by about 20t from the regular monthly production, and holds no inventory now.Asian Metal Copyright halted sodium tungstate production in early April, a source from the company revealed.

The source claimed, "As it`s hard to purchase raw materials at a low price and the downstream demand stays dim, we suspended production of sodium tungstate half a month ago. We plan to resume before late May.Asian Metal Copyright With a production capacity of 400tpy for sodium tungstate, the company produced about 300t in 2018 and expects the same output in 2019.Asian Metal Copyright" He also noted most downstream buyers hold a wait-and-see attitude.Asian Metal Copyright, Ltd.Asian Metal Copyright "We suspend offering now as we have sold out all of our stocks before the suspension," he added and predicts the price of sodium tungstate would stay stable in the coming week with sluggish demand and supply in Chinese market.

With a production capacity of 400tpy for sodium tungstate, the company produced about 300t in 2018 and expects the same output in 2019. It produced about 10t in April, down by about 20t from the regular monthly production, and holds no inventory now.

Currently, local mainstream prices for sodium tungstate 96%min stand at RMB118,000-120,000/t (USD17,503-17,799/t) EXW D/P.
.Asian Metal Copyright "We suspend offering now as we have sold out all of our stocks before the suspension," he added and predicts the price of sodium tungstate would stay stable in the coming week with sluggish demand and supply in Chinese market.Asian Metal Copyright