Monthly Tungsten Market Report Apr 2021
2021-05-14 08:21:13 【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
The prices of tungsten showed an overall upward trend in April. Dragged down by domestic environmental inspections, the output of tungsten products in Jiangxi and Hunan declined, and the spot supply in the market tightened. Suppliers held back from selling, and plants kept long-term orders. The prices of tungsten concentrate and APT rose substantially. Driven by the increase in raw material prices and the saturation of orders from powder plants in April, producers raised prices accordingly, but the market saw limited deals at more than RMB225/kg (USD34.70/kg). In international market, the international and export prices showed an overall upward trend driven by rising domestic prices and the market saw active deals in early April. However, due to price increases, the deals gradually slowed down in late April.
The prices of tungsten showed an overall upward trend in April. Dragged down by domestic environmental inspections, the output of tungsten products in Jiangxi and Hunan declined, and the spot supply in the market tightened. Suppliers held back from selling, and plants kept long-term orders. The prices of tungsten concentrate and APT rose substantially. Driven by the increase in raw material prices and the saturation of orders from powder plants in April, producers raised prices accordingly, but the market saw limited deals at more than RMB225/kg (USD34.70/kg). In international market, the international and export prices showed an overall upward trend driven by rising domestic prices and the market saw active deals in early April. However, due to price increases, the deals gradually slowed down in late April.
