China's exports of ammonium paratungstate (APT) in 2019 plunged year on year due to weakened overseas demand and reduced domestic output.
Around 3,161 tonnes of APT left China in 2019, down 36.8% from 5,001 tonnes in 2018, according to official but unconfirmed data seen by Fastmarkets. The drop in export volumes in 2019 can be attributed mainly to decreased demand from Europe, which is usually the biggest export destination of Chinese APT, as well as shrinking APT output in China. "Europe has been working through its inventories because the region bought a lot in the previous year," a trader source said. "Plus the economic downturn and weak...