Monthly Tungsten Market Report Aug 2021

1. Market Highlights

In August, the tungsten market was weak as prices in June and July rose too fast but downstream demand did not followed suit, leading to scarce market transactions. Some suppliers had intention to sell in small volumes to liquidate, and prices generally showed the downtrend. Most consumers watched the market as a result of weak demand and lower prices, and prices for tungsten concentrate fell below RMB110,000/t (USD17,083/t) EXW D/P by the end of August, while those for APT 88.5%min dropped from RMB170,000/t (USD26,401/t) to RMB165,000/t (USD25,625/t).Asian Metal Copyright Some suppliers had intention to sell in small volumes to liquidate, and prices generally showed the downtrend.Asian Metal Copyright The demand from the cemented carbide market kept weak, so suppliers had to slightly reduce prices to probe the market.Asian Metal Copyright The demand from the cemented carbide market kept weak, so suppliers had to slightly reduce prices to probe the market.Asian Metal Copyright As to the international market, the tungsten exports declined in August.Asian Metal Copyright Most consumers watched the market as a result of weak demand and lower prices, and prices for tungsten concentrate fell below RMB110,000t USD17,083t EXW DP by the end of August, while those for APT 88.Asian Metal Copyright Due to the weak demand in the summer break and slight fall of prices in China, consumers mainly held a wait-and-see attitude and the international market saw scarce deals.

.Asian Metal Copyright Most consumers watched the market as a result of weak demand and lower prices, and prices for tungsten concentrate fell below RMB110,000t USD17,083t EXW DP by the end of August, while those for APT 88Asian Metal Copyright