Monthly Tungsten Market Report Jul 2018

During July in the Chinese tungsten market, spot demand was dull and transactions were limited, showing no signs of improvement.

Affected by environmental inspections in May and June, APT producers in Jiangxi province suspended production or part of production to various extents. During the suspension period, APT producers showed low interest in purchasing raw materials.Asian Metal Copyright As a result, in July tungsten concentrate producers held sufficient stocks and most producers were active in selling their materials, eager to recoup their capital.Asian Metal Copyright When resuming production, as downstream industries entered into the off season, their demand declined and consumption on raw material reduced.Asian Metal Copyright By late July, mainstream prices for tungsten concentrate 65%min dropped to 102,000-104,000t USD14,821-15,112t Inc-VAT EXW DP, down by RMB8,000t USD1,162t from early July.Asian Metal Copyright As a result, in July tungsten concentrate producers held sufficient stocks and most producers were active in selling their materials, eager to recoup their capital. By late July, mainstream prices for tungsten concentrate 65%min dropped to 102,000-104,000/t (USD14,821-15,112/t) Inc-VAT EXW D/P, down by RMB8,000/t (USD1,162/t) from early July.

.Asian Metal Copyright Affected by environmental inspections in May and June, APT producers in Jiangxi province suspended production or part of production to various extentsAsian Metal Copyright