8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Monthly Tungsten Market Report Jul 2020

2020-08-13 17:57:07   【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

The tungsten product market rose steadily this month. The overall prices remained firm supported by the firm raw material prices.Asian Metal Copyright Following the price trend of tungsten concentrate, the overall prices showed a rising trend.Asian Metal Copyright The end users only purchased based on orders due to weak demand.Asian Metal Copyright .Asian Metal Copyright Tungsten concentrate: Due to thin profits and the bullish market outlook, producers strongly held back from selling.Asian Metal Copyright Tungsten powder: There was no sign of improvement in the demand of downstream alloy plants in July.Asian Metal Copyright The tungsten concentrate output in July decreased slightly by 5% YOY.Asian Metal Copyright .Asian Metal Copyright The spot market saw tight supply, and suppliers raised prices.Asian Metal Copyright APT: Although the demand from downstream powder plants was not strong, supported by rising tungsten concentrate prices, the production cost of APT was much higher than the market price in the past two months.Asian Metal Copyright The international market saw limited transactions, and prices for tungsten concentrate fell slightly due to weak demand.

APT: Although the demand from downstream powder plants was not strong, supported by rising tungsten concentrate prices, the production cost of APT was much higher than the market price in the past two months. Most producers were unable to bear the pressure of production cost.Asian Metal Copyright The market saw limited transactions, and export volume of tungsten carbide powder fell by about 10% MOM.Asian Metal Copyright Following the price trend of tungsten concentrate, the overall prices showed a rising trend.Asian Metal Copyright Consumers maintained purchases based on orders and producers produced based on orders.Asian Metal Copyright Although buyers in the international market still maintained purchases based on orders and waited on the sidelines due to the sluggish operating rate, the market saw limited transactions.Asian Metal Copyright1.Asian Metal Copyright However, supported by the firm prices in the Chinese market, the overall prices in the export and international market remained firm.

Tungsten powder: There was no sign of improvement in the demand of downstream alloy plants in July. They only maintained purchases based on orders.Asian Metal Copyright Tungsten concentrate: Due to thin profits and the bullish market outlook, producers strongly held back from selling.Asian Metal Copyright However, supported by the firm price of raw material APT, prices for tungsten powder and tungsten carbide powder rose, and alloy plants could accept low prices due to weak demand.Asian Metal Copyright The end users only purchased based on orders due to weak demand.Asian Metal Copyright The orders from alloy factories in the international market decreased, leading to a strong wait-and-see outlook.Asian Metal Copyright Due to sufficient market supply but weak demand in the international market, competition among suppliers was fierce, and ferrotungsten prices fell again and again.Asian Metal Copyright The market saw limited transactions, and export volume of tungsten carbide powder fell by about 10% MOM.

Ferrotungsten: Due to weak market demand, prices for ferrotungsten were weak in moving up. However, supported by rising tungsten concentrate prices, suppliers had no intention to continue to cut prices and prices remained stalemate.Asian Metal Copyright As the operating rate of ferrotungsten plants remained sluggish, ferrotungsten prices showed an upward trend in late July.Asian Metal Copyright As the operating rate of ferrotungsten plants remained sluggish, ferrotungsten prices showed an upward trend in late July.Asian Metal Copyright The international market still saw limited transactions, and there was no significant fluctuation in export and international market prices.Asian Metal Copyright Due to sufficient market supply but weak demand in the international market, competition among suppliers was fierce, and ferrotungsten prices fell again and again.

Tungsten oxide and tungsten bar: The spot market saw limited transaction. Consumers maintained purchases based on orders and producers produced based on orders.Asian Metal Copyright Taking into account the support of firm costs, the prices for tungsten scrap were difficult to drop.Asian Metal Copyright Although the market saw limited transactions, prices for tungsten oxide and tungsten bar rose slightly due to rising raw material prices.Asian Metal Copyright Following the price trend of tungsten concentrate, the overall prices showed a rising trend.Asian Metal Copyright The international market still saw limited transactions, and there was no significant fluctuation in export and international market prices.

Tungsten scrap: The overall tungsten scrap market ran slowly, and the spot market saw slowing buying activities. The upstream and downstream participants were not willing to replenish stocks and purchased cautiously to watch the market outlook.Asian Metal Copyright They only maintained purchases based on orders.Asian Metal Copyright Taking into account the support of firm costs, the prices for tungsten scrap were difficult to drop.

.Asian Metal Copyright Following the price trend of tungsten concentrate, the overall prices showed a rising trend.Asian Metal Copyright