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  • Monthly Tungsten Market Report Jul 2021

    2021-08-13 16:35:53   【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.
    1. Market Highlights

    In July, the prices of tungsten maintained an upward trend as a whole, but the market saw strong wait-and-see sentiment. The upstream tungsten concentrate suppliers held back from selling, and some of them raised prices to test the market. The prices rose to RMB112,000-113,000/t (USD17,268-17,422/t) EXW D/P, and mine supply of tungsten ore was still tight.Asian Metal Copyright Due to the limited supply of raw materials, the spot market supply of APT 88.Asian Metal Copyright Supported by the firm prices of tungsten concentrate, the prices of APT 88.5%min rose to RMB170,000/t (USD26,211/t).Asian Metal Copyright International buyers purchased steadily due to limited inventory and demand in the international market.Asian Metal Copyright Due to the limited supply of raw materials, the spot market supply of APT 88.Asian Metal Copyright5%min was tight.Asian Metal Copyright5%min was tight.Asian Metal Copyright1.Asian Metal Copyright The tungsten powder plants did not intend to purchase in large quantities due to the weak demand for downstream cemented carbide, and the wait-and-see sentiment was strong. However, supported by the rising raw material prices, the prices of tungsten powder rose to RMB260/kg (USD40.09/kg) EXW D/P.Asian Metal Copyright Export suppliers intended to increase prices.Asian Metal Copyright Due to the weak market demand for cemented carbide in the off-season, the demand for tools was stable, but the demand for geology and minerals was slightly weak.Asian Metal Copyright In the international market, due to Chinese prices continued to rise and the spot supply was limited, the US dollar exchange rate was likely to weaken.Asian Metal Copyright In the international market, due to Chinese prices continued to rise and the spot supply was limited, the US dollar exchange rate was likely to weaken.Asian Metal Copyright The tungsten powder plants did not intend to purchase in large quantities due to the weak demand for downstream cemented carbide, and the wait-and-see sentiment was strong.Asian Metal Copyright Export suppliers intended to increase prices.Asian Metal Copyright The prices rose to RMB112,000-113,000t USD17,268-17,422t EXW DP, and mine supply of tungsten ore was still tight.Asian Metal Copyright In addition to the high international freight rates, market supplies became tight.Asian Metal Copyright1.Asian Metal Copyright International buyers purchased steadily due to limited inventory and demand in the international market.Asian Metal Copyright5%min was tight.Asian Metal Copyright The overall situation remained stable.

    .Asian Metal Copyright Due to the weak market demand for cemented carbide in the off-season, the demand for tools was stable, but the demand for geology and minerals was slightly weak.Asian Metal Copyright
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