Tungsten Market Report August 2013

China Minmetals stopped purchasing tungsten concentrate and APT from the middle of July.Asian Metal Copyright Although the offers increased, China Minmetals did not make any deals in the spot market.Asian Metal Copyright Most of the market participants watched the market for a while.Asian Metal Copyright They expected China Minmetals to go back to the market and to push up prices further.Asian Metal Copyright They expected China Minmetals to go back to the market and to push up prices further. China Minmetals published the tungsten concentrate price in August, and it was RMB160,000/t (USD403/mtu) for wolframite 65%, which increased by around RMB5,000/t (USD12.6/mtu) compared with that of last month.Asian Metal Copyright Therefore, the customers were cautious in making deals with watching attitudes, and the export market showed no improvements.Asian Metal Copyright Although the offers increased, China Minmetals did not make any deals in the spot market.Asian Metal Copyright Moreover, many market participants held pessimistic attitudes towards the future market, and the tungsten market moved down gradually in August.Asian Metal Copyright Moreover, many market participants held pessimistic attitudes towards the future market, and the tungsten market moved down gradually in August.Asian Metal Copyright Therefore, the customers were cautious in making deals with watching attitudes, and the export market showed no improvements.Asian Metal Copyright Tungsten prices decreased continuously.Asian Metal Copyright In late August, many overseas customers came back to the market, but the Chinese tungsten market continued to weaken.Asian Metal Copyright Furthermore, most of the overseas customers left the market for summer vacations during August, meaning the Chinese tungsten export market held quiet.Asian Metal Copyright Although the offers increased, China Minmetals did not make any deals in the spot market.Asian Metal Copyright In late August, many overseas customers came back to the market, but the Chinese tungsten market continued to weaken.Asian Metal Copyright In late August, many overseas customers came back to the market, but the Chinese tungsten market continued to weaken.Asian Metal Copyright Therefore, the customers were cautious in making deals with watching attitudes, and the export market showed no improvements.Asian Metal Copyright In late August, many overseas customers came back to the market, but the Chinese tungsten market continued to weaken.Asian Metal Copyright