Tungsten Market Report July 2016

Due to weak downstream demand in the summer vocation, consumers merely made purchases from hand to mouth in first half of July, resulting in limited transactions for tungsten products and continuously decreased prices in the spot market.Asian Metal CopyrightDue to weak downstream demand in the summer vocation, consumers merely made purchases from hand to mouth in first half of July, resulting in limited transactions for tungsten products and continuously decreased prices in the spot market.Asian Metal Copyright But affected by national policy on de-capacity and the environmental protection problem, producers for raw material faced with higher production costs and raised their quotations for tungsten products accordingly to explore the condition in the spot market.Asian Metal CopyrightDue to weak downstream demand in the summer vocation, consumers merely made purchases from hand to mouth in first half of July, resulting in limited transactions for tungsten products and continuously decreased prices in the spot market.Asian Metal Copyright Most consumers who held limited stocks in mid-to-late July, worried that prices for tungsten products will increase further in the future and thus actively made purchases in the spot market, resulting in increased prices in the spot market.
.Asian Metal Copyright But affected by national policy on de-capacity and the environmental protection problem, producers for raw material faced with higher production costs and raised their quotations for tungsten products accordingly to explore the condition in the spot marketAsian Metal Copyright