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    Monthly Tungsten Market Report Aug 2022

    2022-09-20 18:34:58   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    1. Market Highlights

    In August, boosted by rising upstream raw material prices, prices for tungsten products showed a slow upward movement. Regarding upstream tungsten resources, suppliers held sufficient capital and intended to keep prices firm; further owing to tight spot supply, suppliers intended to lift prices to check market responses, while downstream consumers cautiously made purchases. In August, tungsten concentrate prices moved up slowly with tungsten concentrate WO3 65%min prices rising to around RMB120,000/t (USD17,120/t), APT 88.5%min prices rose to RMB180,000/t (USD25,680/t) and tungsten carbide powder prices rose to RMB270/kg (USD38.52/kg).Asian Metal Copyright5%min prices rose to RMB180,000t USD25,680t and tungsten carbide powder prices rose to RMB270kg USD38.Asian Metal Copyright Bu owing to continuously weak end demand, mainstream tungsten prices moved down in late August; some suppliers intended to promote sales by lowering prices, and a watchful sentiment grew on the market.Asian Metal Copyright In August, tungsten producers held limited resources and insufficient product stocks, so intended to keep prices firm.Asian Metal Copyright In August, tungsten producers held limited resources and insufficient product stocks, so intended to keep prices firm.Asian Metal Copyright08kg, lacking upward momentum as a result of weak demand.Asian Metal Copyright Meanwhile, the international market was on the summer leave in August and buyers were inactive in purchasing tungsten products. Downstream cemented carbide producers in China held large quantities of stocks and their prices hovered at around RMB330/kg (USD47.08/kg), lacking upward momentum as a result of weak demand.Asian Metal Copyright52kg.Asian Metal Copyright A pessimistic sentiment lingered on the market and export prices hovered at a low level without demand from overseas cemented carbide industry.Asian Metal Copyright Meanwhile, the international market was on the summer leave in August and buyers were inactive in purchasing tungsten products.Asian Metal Copyright On the international market, in August tungsten export prices stayed unchanged on the whole.Asian Metal Copyright Meanwhile, the international market was on the summer leave in August and buyers were inactive in purchasing tungsten products.Asian Metal Copyright Owing to weak overseas demand, Chinese tungsten exporters kept their quotations unchanged so as to gain more orders.Asian Metal Copyright1.Asian Metal Copyright This month, export prices for Chinese APT88.5%min and tungsten carbide powder stabilized respectively at USD330-340/kg and USD30-40/kg.

    .Asian Metal Copyright On the international market, in August tungsten export prices stayed unchanged on the wholeAsian Metal Copyright
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