Monthly Tungsten Market Report Jan 2020

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.Asian Metal Copyright 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.Asian Metal Copyright Tungsten concentrate prices remained unchanged in January and prices for APT also remained stable.Asian Metal Copyright 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.Asian Metal Copyright As most downstream companies completed stocking before mid-late December, the tungsten carbide market demand was weak.Asian Metal Copyright .Asian Metal Copyright Due to firm raw material prices, tungsten carbide powder producers did not intend to lower prices.Asian Metal Copyright Due to firm raw material prices, tungsten carbide powder producers did not intend to lower prices.Asian Metal Copyright Prices for tungsten carbide powder remained stable in January.Asian Metal Copyright 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.Asian Metal Copyright Due to the stable domestic APT price, most tungsten scrap suppliers did not intend to reduce prices.Asian Metal Copyright As most downstream companies completed stocking before mid-late December, the tungsten carbide market demand was weak.Asian Metal Copyright 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.

.Asian Metal Copyright However, as tungsten concentrate suppliers were bullish on the prices after the Spring Festival, they had no intention to mark price down.Asian Metal Copyright