Monthly Tungsten Market Report Apr 2020
2020-05-12 18:13:31 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1.Market Highlights
Domestic tungsten market in April: In early April, domestic tungsten product prices maintained a downward trend of March. In early April, most suppliers lowered prices in order to obtain more orders due to difficulties in selling . However, with the price of tungsten products constantly approaching the production cost, in mid-April, tungsten product suppliers held back from selling because of their thin profits . Tungsten concentrate suppliers were not willing to sell materials supported by cost, and most suppliers raised prices and held prices firm . In late April, the overall prices for tungsten products basically stopped falling, and showed a slight upward trend . The prices for tungsten concentrate, APT and ferrotungsten began to increase slightly in the mid-late April . However, as the demand in the international market and the domestic market remained weak, the increase was relatively small . Due to the weak end demand, the overall tungsten scrap market operated slowly and prices did not change much.
Foreign tungsten market in April: As the international market saw limited enquiries of tungsten products, most buyers held a wait-and-see attitude towards the market outlook. Due to the weak demand, they refused to carry out large purchases . The export prices for tungsten products continued to move down . However, due to firm domestic prices, prices for tungsten products remained stable in late April.
Domestic tungsten market in April: In early April, domestic tungsten product prices maintained a downward trend of March. In early April, most suppliers lowered prices in order to obtain more orders due to difficulties in selling . However, with the price of tungsten products constantly approaching the production cost, in mid-April, tungsten product suppliers held back from selling because of their thin profits . Tungsten concentrate suppliers were not willing to sell materials supported by cost, and most suppliers raised prices and held prices firm . In late April, the overall prices for tungsten products basically stopped falling, and showed a slight upward trend . The prices for tungsten concentrate, APT and ferrotungsten began to increase slightly in the mid-late April . However, as the demand in the international market and the domestic market remained weak, the increase was relatively small . Due to the weak end demand, the overall tungsten scrap market operated slowly and prices did not change much.
Foreign tungsten market in April: As the international market saw limited enquiries of tungsten products, most buyers held a wait-and-see attitude towards the market outlook. Due to the weak demand, they refused to carry out large purchases . The export prices for tungsten products continued to move down . However, due to firm domestic prices, prices for tungsten products remained stable in late April.