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  • Monthly Tungsten Market Report May 2021

    2021-06-15 16:37:38   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    In May, the tungsten market remained stagnant and stable, with the upstream raw materials and downstream market demand in a stalemate game.Asian Metal Copyright .Asian Metal Copyright Tungsten ore mines held their prices firm due to limited inventory, and traders held back from selling due to the bullish market outlook.Asian Metal Copyright Due to the weakening of long-term cemented carbide plants orders and the lack of demand momentum to support the upward price, consumers had a strong wait-and-see mood for tungsten powder above RMB220kg USD33.Asian Metal Copyright Due to the long-term stalemate, the prices of tungsten product gradually narrowed. The overall prices of tungsten concentrate remained stable at around RMB96,000/t (USD14,806/t) EXW D/P.Asian Metal Copyright Due to the long-term high prices, prices for APT 88.Asian Metal Copyright It's difficult to sell at high prices and hard to purchase at low prices.Asian Metal Copyright Tungsten ore mines held their prices firm due to limited inventory, and traders held back from selling due to the bullish market outlook.Asian Metal Copyright Supported by the firm prices of tungsten concentrate, the APT 88.5%min prices stayed at RMB146,000/t (USD22,518/t) EXW D/P under the premise of limited inventory. Consumers waited on the sidelines towards the price higher than RMB147,000/t (USD22,672/t) and suppliers had no intention to sell at less than RMB146,000/t (USD22,518/t).Asian Metal Copyright They only maintained order-to-order purchases, and the prices of tungsten powder slowly weakened.Asian Metal Copyright The overall powder market was weak. Due to the weakening of long-term cemented carbide plants orders and the lack of demand momentum to support the upward price, consumers had a strong wait-and-see mood for tungsten powder above RMB220/kg (USD33.93/kg) EXW D/P.Asian Metal Copyright Due to the weakening of long-term cemented carbide plants orders and the lack of demand momentum to support the upward price, consumers had a strong wait-and-see mood for tungsten powder above RMB220kg USD33.Asian Metal Copyright They only maintained order-to-order purchases, and the prices of tungsten powder slowly weakened.

    In international market, the market saw relatively active deals in early May. Due to the long-term high prices, prices for APT 88.5%min stayed firm at around USD270/mtu, and the tungsten carbide powder prices remained firm at around USD36/kg.Asian Metal Copyright Due to the long-term high prices, prices for APT 88.Asian Metal Copyright International buyers tended to consume inventory.Asian Metal Copyright They only maintained order-to-order purchases, and the prices of tungsten powder slowly weakened.Asian Metal Copyright Due to the risks of high international freight rates and hidden risks of the US dollar exchange rate, suppliers had a strong sentiment for prices, and the market saw gradually limited deals in late May.Asian Metal Copyright International buyers tended to consume inventory.Asian Metal Copyright On the whole, the domestic and international tungsten market was only deadlocked in May.Asian Metal Copyright In the context of the tightening of the national economic policies, the demand side determined the market price trend under the competition between supply and demand.Asian Metal Copyright In the context of the tightening of the national economic policies, the demand side determined the market price trend under the competition between supply and demand.


    .Asian Metal Copyright In the context of the tightening of the national economic policies, the demand side determined the market price trend under the competition between supply and demand.Asian Metal Copyright
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