Monthly Tungsten Market Report Feb 2020
2020-03-12 18:11:52 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1 Market Highlights
Domestic tungsten market in January: Due to the impact of COVID-19, most domestic producers delayed their resumption, and the spot market supply was tight. Tungsten concentrate suppliers held back from selling, so prices for tungsten concentrate rose in February; prices for APT increased accordingly. Due to the rise in prices for raw material, tungsten carbide powder producers did not intend to lower their prices. In January, prices for tungsten carbide powder rose. Since most domestic participants in the tungsten scrap market did not return to the market for the time being, the market saw limited transactions. Prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill and tungsten scrap anvil remained unchanged in February.
Foreign tungsten market in January: As most domestic APT, tungsten carbide powder and ferrotungsten producers delayed resumption, the operating rate was low and spot supply was tight while foreign demand picked up. Foreign APT, tungsten oxide, tungsten carbide powder and ferrotungsten market was active and prices increased.
Domestic tungsten market in January: Due to the impact of COVID-19, most domestic producers delayed their resumption, and the spot market supply was tight. Tungsten concentrate suppliers held back from selling, so prices for tungsten concentrate rose in February; prices for APT increased accordingly. Due to the rise in prices for raw material, tungsten carbide powder producers did not intend to lower their prices. In January, prices for tungsten carbide powder rose. Since most domestic participants in the tungsten scrap market did not return to the market for the time being, the market saw limited transactions. Prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill and tungsten scrap anvil remained unchanged in February.
Foreign tungsten market in January: As most domestic APT, tungsten carbide powder and ferrotungsten producers delayed resumption, the operating rate was low and spot supply was tight while foreign demand picked up. Foreign APT, tungsten oxide, tungsten carbide powder and ferrotungsten market was active and prices increased.
