Monthly Tungsten Market Report Jan 2018
2018-02-08 19:30:35 【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
Chinese market: Some traders made sales at low prices in order to ensure profits because of financial pressure in the first half of this January. In the latter half of this month, smelting furnaces suspended production successively, leading to declining supply, and the market began to run steadily. In particular, prices for tungsten concentrate moved down by RMB2,000/t (USD4.89/mtu) during the month; APT prices declined by about RMB2,000/t (USD3.59/mtu) from late last month; prices for tungsten powder products increased by around RMB4/kg (USD0.63/kg) from late last December.
Overseas market: Overseas consumers gradually returned to the market for purchasing and Chinese suppliers raised their prices affected by continuously firm Chinese yuan, resulting in increasing prices in the international market.
Chinese market: Some traders made sales at low prices in order to ensure profits because of financial pressure in the first half of this January. In the latter half of this month, smelting furnaces suspended production successively, leading to declining supply, and the market began to run steadily. In particular, prices for tungsten concentrate moved down by RMB2,000/t (USD4.89/mtu) during the month; APT prices declined by about RMB2,000/t (USD3.59/mtu) from late last month; prices for tungsten powder products increased by around RMB4/kg (USD0.63/kg) from late last December.
Overseas market: Overseas consumers gradually returned to the market for purchasing and Chinese suppliers raised their prices affected by continuously firm Chinese yuan, resulting in increasing prices in the international market.
