Tungsten Market Report July 2013

The Chinese tungsten market increasing speed slowed down in July, and the increasing range became smaller.Asian Metal Copyright Despite China Minmetals continuing to push up mainstream tungsten prices, some market participants began to lose confidence in the long term tungsten market trend as downstream demand showed little improvement.Asian Metal Copyright The demand from the major downstream industries did not recover, and buyers only purchased from hand to mouth.Asian Metal Copyright The demand from the major downstream industries did not recover, and buyers only purchased from hand to mouth.Asian Metal Copyright Overall tungsten trading volume kept at a low level throughout July.Asian Metal Copyright The Chinese tungsten export market held quiet throughout July, and overall trading volume is expected to remain thin in the near term.Asian Metal Copyright Despite China Minmetals continuing to push up mainstream tungsten prices, some market participants began to lose confidence in the long term tungsten market trend as downstream demand showed little improvement.Asian Metal Copyright The demand from the major downstream industries did not recover, and buyers only purchased from hand to mouth.Asian Metal Copyright The Chinese tungsten export market held quiet throughout July, and overall trading volume is expected to remain thin in the near term.Asian Metal Copyright Furthermore, many customers produce downstream tungsten products depending on their long-term orders, and with Europe moving into the peak summer vacation period in July, orders were at a low level.Asian Metal Copyright Despite overseas tungsten buyers accepting the marginally higher export offers through July, the domestic market prices were still lower than the Chinese offers.Asian Metal CopyrightThe Chinese tungsten market increasing speed slowed down in July, and the increasing range became smaller.Asian Metal Copyright Furthermore, many customers produce downstream tungsten products depending on their long-term orders, and with Europe moving into the peak summer vacation period in July, orders were at a low level.Asian Metal Copyright Despite overseas tungsten buyers accepting the marginally higher export offers through July, the domestic market prices were still lower than the Chinese offers.Asian Metal Copyright