Monthly Tungsten Market Report Aug 2021
2021-09-16 18:16:15 【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
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). The demand from the cemented carbide market kept weak, so suppliers had to slightly reduce prices to probe the market. As to the international market, the tungsten exports declined in August. 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.
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). The demand from the cemented carbide market kept weak, so suppliers had to slightly reduce prices to probe the market. As to the international market, the tungsten exports declined in August. 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.
