Tungsten Market Report May 2017
2017-06-16 17:49:12 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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During May, as environmental inspections in China became stricter, operating rates of Chinese tungsten raw material producers continued to hover at a low level. Accordingly supply in the spot market was tight and prices continued to move up; but on the other hand, restrained by limited end demand, consumers were cautious in their purchasing and there were limited transactions concluded. The market therefore fell into a deadlock. In May, prices for tungsten concentrate rose by about RMB2,000/t (USD293/t) from April, APT up by about RMB4,000/t (USD587/t), and tungsten powder up by about RMB5/kg (USD0.73/kg).
