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  • Monthly Tungsten Market Report Sep 2022

    2022-10-19 18:22:04   【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 September, the tungsten market saw dropping prices and limited deals as a result of lacking support from end demand. The Chinese market saw dim economic situation and downstream producers faced great pressure in reducing their product stocks and therefore were slow in purchasing raw materials.Asian Metal Copyright5%min and tungsten carbide powder dropped to below USD320mtu and around USD37kg respectively.Asian Metal Copyright The international market was experiencing energy crisis and industrial plants held low operating rates, leading to shrinking demand, and the Chinese tungsten export market underwent challenges.Asian Metal Copyright Downstream cemented carbide producers made only hand-to-mouth purchases, and pessimistic sentiments spread on the market.Asian Metal Copyright In September, tungsten concentrate prices moved down.Asian Metal Copyright Some suppliers intended to cut their stocks to retrieve capital, so market supply grew mildly.Asian Metal Copyright Some suppliers intended to cut their stocks to retrieve capital, so market supply grew mildly. Prices for tungsten concentrate WO3 65%min dropped from around RMB116,000/t (USD16,065/t) to RMB112,000/t (USD15,511/t).Asian Metal Copyright Some suppliers intended to cut their stocks to retrieve capital, so market supply grew mildly.Asian Metal Copyright Traders held relatively sufficient stocks but miners held limited supply, while market consumption was limited.Asian Metal Copyright Export prices showed a downward trend this month.Asian Metal Copyright On the APT88.Asian Metal Copyright Downstream cemented carbide producers made only hand-to-mouth purchases, and pessimistic sentiments spread on the market.Asian Metal Copyright5%min market, orders concluded were mainly long-term deals.Asian Metal Copyright Given weak demand, producers maintained make-to-order production, and the market saw inactive deals.Asian Metal Copyright Given weak demand, producers maintained make-to-order production, and the market saw inactive deals.Asian Metal Copyright On the APT88.Asian Metal Copyright Restricted by dropping tungsten concentrate prices and weak demand, mainstream APT88.Asian Metal Copyright Given weak demand, producers maintained make-to-order production, and the market saw inactive deals.Asian Metal Copyright5%min prices showed a downward trend.Asian Metal Copyright On the international market, upstream raw material supply was tight but end demand was weak.Asian Metal Copyright The cemented carbide market saw weak demand and producers held growing stocks, leading to decreasing raw material consumption on the whole.Asian Metal Copyright5%min market, orders concluded were mainly long-term deals.Asian Metal Copyright Restricted by dropping raw material prices, tungsten powder and tungsten carbide powder prices moved down slowly.Asian Metal Copyright5%min market, orders concluded were mainly long-term deals.Asian Metal Copyright Downstream cemented carbide producers made only hand-to-mouth purchases, and pessimistic sentiments spread on the market.Asian Metal Copyright5%min market, orders concluded were mainly long-term deals.Asian Metal Copyright Regarding ferrotungsten, its prices leveled off and downstream consumers maintained hand-to-mouth purchases, while steel mills were inactive in making purchases.Asian Metal Copyright The cemented carbide market saw weak demand and producers held growing stocks, leading to decreasing raw material consumption on the whole.Asian Metal Copyright Suppliers showed strong intention to keep their prices firm, but the market saw limited deals.Asian Metal Copyright The international market was experiencing energy crisis and industrial plants held low operating rates, leading to shrinking demand, and the Chinese tungsten export market underwent challenges.Asian Metal Copyright On the international market, upstream raw material supply was tight but end demand was weak.Asian Metal Copyright The cemented carbide market saw weak demand and producers held growing stocks, leading to decreasing raw material consumption on the whole.Asian Metal Copyright In September, the USD-RMB exchange rate kept rising, and Chinese tungsten exporters had to cut their prices to promote sales, leading to generally dropping tungsten export prices.Asian Metal Copyright Traders held relatively sufficient stocks but miners held limited supply, while market consumption was limited.Asian Metal Copyright Overseas buyers mainly maintained hand-to-mouth purchases, the pro-National-Day market in late September did not see as active deals as in previous years.Asian Metal Copyright Given weak demand, producers maintained make-to-order production, and the market saw inactive deals.Asian Metal Copyright In September, export prices for Chinese APT88.5%min and tungsten carbide powder dropped to below USD320/mtu and around USD37/kg respectively.Asian Metal Copyright Given weak demand, producers maintained make-to-order production, and the market saw inactive deals.Asian Metal Copyright Export prices showed a downward trend this month.

    .Asian Metal Copyright Traders held relatively sufficient stocks but miners held limited supply, while market consumption was limitedAsian Metal Copyright
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