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 Aug 2020

2020-09-11 16:04:45   【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. Supported by the upstream raw material prices, prices continued to rise.Asian Metal Copyright Supported by rising domestic raw material prices, prices remained stable.Asian Metal Copyright The end users only purchased based on orders due to weak demand.Asian Metal Copyright APT: Despite the weak downstream demand for tungsten powder, driven by the continuous increase in tungsten concentrate prices, APT suppliers increased their prices in order to reduce the losses.Asian Metal Copyright Tungsten concentrate: The operating rate of mines remained stable MOM, but declined slightly YOY.Asian Metal Copyright Tungsten oxide and tungsten bar: Despite the limited transactions in tungsten bar and tungsten oxide market, producers maintained production based on orders and consumers maintained purchases on need.Asian Metal Copyright In addition, the relatively loose funding environment led to the lack of willingness of suppliers to sell, and the suppliers held back from selling due to bullish outlook.Asian Metal Copyright In the international market, due to weak international demand during the summer break in August, export transactions declined.Asian Metal Copyright The spot market saw limited transactions and prices rose slightly.Asian Metal Copyright In addition, the relatively loose funding environment led to the lack of willingness of suppliers to sell, and the suppliers held back from selling due to bullish outlook.Asian Metal Copyright The end users purchased based on orders to maintain production.

APT: Despite the weak downstream demand for tungsten powder, driven by the continuous increase in tungsten concentrate prices, APT suppliers increased their prices in order to reduce the losses. The end consumers maintained purchases based on orders and had a weak willingness to replenish stocks due to a bearish outlook.Asian Metal Copyright Prices for tungsten scrap drills, anvils, and CNC cutting blades rose slightly overall.Asian Metal Copyright In the international market, driven by rising domestic prices and falling US dollar exchange rate, the prices in the export and international market rose.

Tungsten powder: As the orders from downstream alloy plants did not increased, insiders held a wait-and-see attitude towards the increase in raw material prices. In the first half of August, prices for tungsten powder and tungsten carbide powder remained stable weakly.Asian Metal Copyright Traders did not intend to replenish stocks due to the bearish outlook, so the spot market saw limited transaction.Asian Metal Copyright However, considering that prices for tungsten concentrate continued to rise and prices for APT increased accordingly, in order to avoid losses, prices for tungsten powder rose.Asian Metal Copyright In the international market, due to sufficient supply, suppliers had fierce competition and prices maintained the downward trend of July.Asian Metal Copyright In the international market, due to weak international demand during the summer break in August, export transactions declined.Asian Metal Copyright However, in August, the operating rate of plants was sluggish and prices for tungsten concentrate continued to rise.Asian Metal Copyright Supported by rising domestic raw material prices, prices remained stable.Asian Metal Copyright In the first half of August, prices for tungsten powder and tungsten carbide powder remained stable weakly.Asian Metal Copyright Raw material prices rose sharply in late August and traders raised export prices.

Ferrotungsten: The demand for ferrotungsten was weak, leading to limited spot transactions. However, in August, the operating rate of plants was sluggish and prices for tungsten concentrate continued to rise.Asian Metal Copyright Tungsten scrap: The market prices for tungsten scrap generally rose.Asian Metal Copyright Suppliers had no intention to lower prices for promotions, and prices remained stable.Asian Metal Copyright APT: Despite the weak downstream demand for tungsten powder, driven by the continuous increase in tungsten concentrate prices, APT suppliers increased their prices in order to reduce the losses.Asian Metal Copyright In the international market, due to sufficient supply, suppliers had fierce competition and prices maintained the downward trend of July.

Tungsten oxide and tungsten bar: Despite the limited transactions in tungsten bar and tungsten oxide market, producers maintained production based on orders and consumers maintained purchases on need. Driven by the rising prices of tungsten concentrate and APT, prices for downstream tungsten products increased accordingly.Asian Metal CopyrightS.Asian Metal Copyright In the international market, supported by rising domestic prices and suppliers' bearish outlook on the U.Asian Metal Copyright APT: Despite the weak downstream demand for tungsten powder, driven by the continuous increase in tungsten concentrate prices, APT suppliers increased their prices in order to reduce the losses.Asian Metal CopyrightS.Asian Metal Copyright Due to the rise in tungsten concentrate prices, suppliers raised their prices.Asian Metal Copyright dollar exchange rate, export prices rose.

Tungsten scrap: The market prices for tungsten scrap generally rose. The spot supply of tungsten grinding sward scrap was still tight.Asian Metal Copyright The spot market saw limited transactions and prices rose slightly.Asian Metal Copyright Traders did not intend to replenish stocks due to the bearish outlook, so the spot market saw limited transaction.Asian Metal Copyright Market Highlights The tungsten product market rose steadily this month.Asian Metal Copyright Due to the rise in tungsten concentrate prices, suppliers raised their prices.Asian Metal Copyright APT: Despite the weak downstream demand for tungsten powder, driven by the continuous increase in tungsten concentrate prices, APT suppliers increased their prices in order to reduce the losses.Asian Metal Copyright Prices for tungsten scrap drills, anvils, and CNC cutting blades rose slightly overall.

.Asian Metal Copyright Driven by the rising prices of tungsten concentrate and APT, prices for downstream tungsten products increased accordingly.Asian Metal Copyright