Tungsten Market Report July 2013
2013-08-06 15:35:58 【Print】
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The Chinese tungsten market increasing speed slowed down in July, and the increasing range became smaller
. The demand from the major downstream industries did not recover, and buyers only purchased from hand to mouth . Overall tungsten trading volume kept at a low level throughout July . 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 . The Chinese tungsten export market held quiet throughout July, and overall trading volume is expected to remain thin in the near term . Despite overseas tungsten buyers accepting the marginally higher export offers through July, the domestic market prices were still lower than the Chinese offers . 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 .