Tungsten Market Report October 2013
2013-11-08 10:31:33 【Print】
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The Chinese tungsten market moved down sharply in August and September, and the decreasing speed slowed down into Q4
. The Chinese tungsten market kept quiet in October, and the trading volume was at a relatively low level . In early October, tungsten product prices showed downtrend . However, owing to the production cost and the high inventory cost, the decreasing range and speed was limited . Furthermore, China Minmetals went back to the market and made deals for tungsten concentrate, even though the purchasing volume was unfavorable . The tungsten prices became stable and moved up slightly from the middle of the October . The prices for downstream tungsten products, like APT and tungsten carbide powder, stabilized accordingly . But downstream customers were still cautious in making deals and mainly purchased from hand to mouth with small quantities in hand . The trading volume did not recover in the spot market . The tungsten export market remained inactive in China through October, and the overseas customers were inactive in purchasing materials as many held a watching attitude .