Monthly Tungsten Market Report May 2020
2020-06-12 18:47:42 【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 May: Domestic tungsten products showed an upward trend this month. Domestic tungsten concentrate suppliers continued to hold prices firm supported by production costs. In the first half of May, most tungsten concentrates suppliers held back from selling because of the price close to production costs, and raised prices. Supported by rising raw material prices, APT prices rose strongly. Most APT producers raised prices due to the surge in raw material purchase costs. Tungsten powder and tungsten carbide powder increased prices slightly due to rising production costs. Prices for tungsten products moved up due to firm raw material prices. However, due to the fact that the productivity of downstream automobile and alloy factories did not resume production, the export volume of alloy products dropped sharply, and the demand for upstream raw materials gradually decreased, resulting in weak downstream demand. The prices for raw material in May were weak due to lack of demand support.
Foreign tungsten market in April: Due to the continuous weak demand in the international market, the tungsten products exports and the transaction prices in the international market continued to fall. Buyers in the international market held a wait-and-see attitude towards the future market due to the weak demand. The market saw limited transactions, and some suppliers gave a small discount. However, some suppliers kept export price firm due to the firm domestic prices. The overall slow operation of the international market and the resumption of factories in the European and American markets would directly determine the price trend in the international market.
Domestic tungsten market in May: Domestic tungsten products showed an upward trend this month. Domestic tungsten concentrate suppliers continued to hold prices firm supported by production costs. In the first half of May, most tungsten concentrates suppliers held back from selling because of the price close to production costs, and raised prices. Supported by rising raw material prices, APT prices rose strongly. Most APT producers raised prices due to the surge in raw material purchase costs. Tungsten powder and tungsten carbide powder increased prices slightly due to rising production costs. Prices for tungsten products moved up due to firm raw material prices. However, due to the fact that the productivity of downstream automobile and alloy factories did not resume production, the export volume of alloy products dropped sharply, and the demand for upstream raw materials gradually decreased, resulting in weak downstream demand. The prices for raw material in May were weak due to lack of demand support.
Foreign tungsten market in April: Due to the continuous weak demand in the international market, the tungsten products exports and the transaction prices in the international market continued to fall. Buyers in the international market held a wait-and-see attitude towards the future market due to the weak demand. The market saw limited transactions, and some suppliers gave a small discount. However, some suppliers kept export price firm due to the firm domestic prices. The overall slow operation of the international market and the resumption of factories in the European and American markets would directly determine the price trend in the international market.
