Monthly Tungsten Market Report Dec 2021
2022-01-19 16:21:19 【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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1. Market Highlights
In December on the Chinese tungsten market, prices moved up steadily. Given rising tungsten concentrate prices, prices for downstream tungsten products moved up accordingly. As market players felt bullish on post-holiday price outlook, upstream suppliers held back from selling, and downstream consumers made steady purchases to prepare for consumption around the Spring Festival holiday. Tungsten concentrate suppliers held back from selling and some suppliers continuously lifted prices to check market responses. APT 88.5%min suppliers lifted prices as a result of firm tungsten concentrate prices to be quite close to RMB170,000/t (USD26,768/t) EXW D/P. The tungsten powder market saw steady purchases and some consumers made purchases slowly at RMB240-250/kg (USD37.79-39.36/kg), but boosted by rising APT 88.5%min prices, tungsten powder suppliers lifted prices. On the international market, it saw mainly hand-to-mouth purchases concluded in December. With the Christmas holiday approaching, the international market saw weak demand on the whole; but owing to limited supply and steady demand, the international tungsten market saw stable prices on the whole this month.
In December on the Chinese tungsten market, prices moved up steadily. Given rising tungsten concentrate prices, prices for downstream tungsten products moved up accordingly. As market players felt bullish on post-holiday price outlook, upstream suppliers held back from selling, and downstream consumers made steady purchases to prepare for consumption around the Spring Festival holiday. Tungsten concentrate suppliers held back from selling and some suppliers continuously lifted prices to check market responses. APT 88.5%min suppliers lifted prices as a result of firm tungsten concentrate prices to be quite close to RMB170,000/t (USD26,768/t) EXW D/P. The tungsten powder market saw steady purchases and some consumers made purchases slowly at RMB240-250/kg (USD37.79-39.36/kg), but boosted by rising APT 88.5%min prices, tungsten powder suppliers lifted prices. On the international market, it saw mainly hand-to-mouth purchases concluded in December. With the Christmas holiday approaching, the international market saw weak demand on the whole; but owing to limited supply and steady demand, the international tungsten market saw stable prices on the whole this month.
