Monthly Tungsten Market Report Jun 2020
2020-07-14 17:03:50 【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
In June, the tungsten product market operated slowly. Due to the continuous weak downstream demand, prices for tungsten products at home and abroad declined slightly. Tungsten concentrate: The operating rate of domestic tungsten concentrate producers remained basically stable, but most producers had no intention to lower prices and the prices for tungsten concentrate remained stable weakly as the prices approached production costs. However, due to continuous weak demand, some tungsten concentrate suppliers lowered prices slightly, and the prices moved down slightly.
APT: Due to the weak demand and the approach of slack season of the market, upstream and downstream participants had insufficient confidence in the future market. In addition, tungsten concentrate producers were willing to sell and APT suppliers lowered prices to obtain orders. In June, the overall prices for APT declined. However, supported by production cost, the downward space was limited. Demand in the export and international markets was weak, and spot market saw limited transactions.
Tungsten powder and tungsten carbide powder: The consumption of raw materials of the downstream alloy plants declined due to the reduction in output rate. In addition, the raw material APT prices dropped. Due to the high operating rate of the plants, the market began to invited bids and the prices for powder and tungsten carbide powder fell. As the international market approached the summer break, the market saw limited enquiries. Most buyers postponed their purchases and strongly waited on the sidelines.
Ferrotungsten: Due to the slowdown in demand from downstream steel mills and other factories, the demand for ferrotungsten was limited. Suppliers had to lower prices to facilitate transactions, and the prices for ferrotungsten declined. In the international market, due to the low operating rate of automobile factories, overall demand was weak, and export prices in European and American markets fell.
Tungsten oxide and tungsten bar: consumers in the domestic market maintained purchase based on orders, and producers produced according to sales due to limited transactions in the market. The overall market operated slowly and the export market saw limited transactions.
In June, the tungsten product market operated slowly. Due to the continuous weak downstream demand, prices for tungsten products at home and abroad declined slightly. Tungsten concentrate: The operating rate of domestic tungsten concentrate producers remained basically stable, but most producers had no intention to lower prices and the prices for tungsten concentrate remained stable weakly as the prices approached production costs. However, due to continuous weak demand, some tungsten concentrate suppliers lowered prices slightly, and the prices moved down slightly.
APT: Due to the weak demand and the approach of slack season of the market, upstream and downstream participants had insufficient confidence in the future market. In addition, tungsten concentrate producers were willing to sell and APT suppliers lowered prices to obtain orders. In June, the overall prices for APT declined. However, supported by production cost, the downward space was limited. Demand in the export and international markets was weak, and spot market saw limited transactions.
Tungsten powder and tungsten carbide powder: The consumption of raw materials of the downstream alloy plants declined due to the reduction in output rate. In addition, the raw material APT prices dropped. Due to the high operating rate of the plants, the market began to invited bids and the prices for powder and tungsten carbide powder fell. As the international market approached the summer break, the market saw limited enquiries. Most buyers postponed their purchases and strongly waited on the sidelines.
Ferrotungsten: Due to the slowdown in demand from downstream steel mills and other factories, the demand for ferrotungsten was limited. Suppliers had to lower prices to facilitate transactions, and the prices for ferrotungsten declined. In the international market, due to the low operating rate of automobile factories, overall demand was weak, and export prices in European and American markets fell.
Tungsten oxide and tungsten bar: consumers in the domestic market maintained purchase based on orders, and producers produced according to sales due to limited transactions in the market. The overall market operated slowly and the export market saw limited transactions.
