Tungsten market report July 2017

In July, some producers of raw material side gradually resumed production, but the operating rates were hard to improve sharply affected by the environmental protection inspection, causing limited transactions in the spot market; besides, as stocks of spot material decreased gradually, producers held back from selling, leading to increasing prices. In particular, prices for tungsten concentrate and APT increased by about RMB8,000/t (USD183/mtu) and about RMB13,000/t (USD21.8/mtu) from those of last month; while those for the powder side increased by about RMB9/kg (USD1.34/kg).Asian Metal Copyright8mtu from those of last month; while those for the powder side increased by about RMB9kg USD1.Asian Metal Copyright However, transactions were limited as consumers were cautious about making purchases due to sluggish end demand.
.Asian Metal CopyrightIn July, some producers of raw material side gradually resumed production, but the operating rates were hard to improve sharply affected by the environmental protection inspection, causing limited transactions in the spot market; besides, as stocks of spot material decreased gradually, producers held back from selling, leading to increasing pricesAsian Metal Copyright