Monthly Tungsten Market Report Jan 2020
2020-02-19 17:40:43 【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
Domestic tungsten market in January: Due to the approach of the Spring Festival, downstream smelters basically completed the stock and the demand was weak. However, as tungsten concentrate suppliers were bullish on the prices after the Spring Festival, they had no intention to mark price down. Tungsten concentrate prices remained unchanged in January and prices for APT also remained stable. As most downstream companies completed stocking before mid-late December, the tungsten carbide market demand was weak. Due to firm raw material prices, tungsten carbide powder producers did not intend to lower prices. Prices for tungsten carbide powder remained stable in January. Due to the stable domestic APT price, most tungsten scrap suppliers did not intend to reduce prices. In January, prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill, and tungsten scrap anvil were stable.
Foreign tungsten market in January: As domestic APT prices stabilized in January, foreign consumers gradually returned to the market after their vacation and demand picked up. As most consumers entered the market for purchases, the market for APT, tungsten oxide, tungsten carbide powder, and ferrotungsten was active, with prices rising.
Domestic tungsten market in January: Due to the approach of the Spring Festival, downstream smelters basically completed the stock and the demand was weak. However, as tungsten concentrate suppliers were bullish on the prices after the Spring Festival, they had no intention to mark price down. Tungsten concentrate prices remained unchanged in January and prices for APT also remained stable. As most downstream companies completed stocking before mid-late December, the tungsten carbide market demand was weak. Due to firm raw material prices, tungsten carbide powder producers did not intend to lower prices. Prices for tungsten carbide powder remained stable in January. Due to the stable domestic APT price, most tungsten scrap suppliers did not intend to reduce prices. In January, prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill, and tungsten scrap anvil were stable.
Foreign tungsten market in January: As domestic APT prices stabilized in January, foreign consumers gradually returned to the market after their vacation and demand picked up. As most consumers entered the market for purchases, the market for APT, tungsten oxide, tungsten carbide powder, and ferrotungsten was active, with prices rising.
