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    Monthly Tungsten Market Report Mar 2023

    2023-04-11 18:28:19   【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 March 2023, the Chinese tungsten market saw slowly dropping prices. Given weak demand, the market saw limited deals.Asian Metal Copyright Market Highlights In March 2023, the Chinese tungsten market saw slowly dropping prices.Asian Metal Copyright Watchful sentiments spread and consumers were inactive in making purchases.Asian Metal Copyright1.Asian Metal Copyright Given generally weak demand from the domestic market, downstream cemented carbide producers mainly depended upon stocks for operation, leading to limited purchase orders on the market, and market participants were cautious in operating.Asian Metal Copyright In March, given dropping raw material prices, downstream tungsten scrap prices showed a downward trend too, and buyers were inactive in making purchases.Asian Metal Copyright On the other hand, overseas demand was weak and the Chinese tungsten market saw slow transactions.Asian Metal Copyright1.Asian Metal Copyright Buyers maintained only hand-to-mouth purchases.Asian Metal Copyright5%min followed suit, and most deals concluded were long-term orders.Asian Metal Copyright Inflation in the U.Asian Metal Copyright Given weak demand, consumers commonly made only hand-to-mouth purchases or preferred to wait on the sidelines, leading to limited deals on the international market.Asian Metal CopyrightS.Asian Metal Copyright Watchful sentiments spread and consumers were inactive in making purchases.Asian Metal Copyright and no notable growth in Europe's economic recession all contributed to inactive deals on the international tungsten market. In March, Chinese tungsten concentrate prices edged down with tungsten concentrate 65%min prices down to around RMB118,000/t (USD17,139/t), and the market saw inactive deals.Asian Metal Copyright This month, mainstream APT 88.Asian Metal Copyright Restricted by dropping tungsten concentrate prices, APT 88.Asian Metal Copyright Given weak demand, the market saw limited deals.Asian Metal Copyright5%min followed suit, and most deals concluded were long-term orders.Asian Metal Copyright But restricted by dropping raw material prices, in late March ferrotungsten prices moved down.Asian Metal Copyright Producers preferred to maintain make-to-order production, and the market saw limited spot deals.Asian Metal Copyright .Asian Metal Copyright This month, mainstream APT 88.5%min prices dropped to RMB179,000/t (USD25,998/t). Restricted by dropping raw material prices, in March prices for tungsten carbide powder and tungsten powder both showed a downward trend, with prices for medium-sized tungsten powder and medium-sized tungsten carbide powder down to RMB265/kg (USD38.48/kg) and RMB262/kg (USD38.05/kg).Asian Metal Copyright05kg.Asian Metal Copyright Consumers from cemented carbide alloy market were cautious in making purchases, so suppliers cut prices in hope of promoting sales, but with no positive responses from the markets.Asian Metal Copyright Producers preferred to maintain make-to-order production, and the market saw limited spot deals.Asian Metal Copyright In March, ferrotungsten prices stayed firm on the whole.Asian Metal Copyright Given generally weak demand from the domestic market, downstream cemented carbide producers mainly depended upon stocks for operation, leading to limited purchase orders on the market, and market participants were cautious in operating.Asian Metal Copyright But restricted by dropping raw material prices, in late March ferrotungsten prices moved down.Asian Metal Copyright In March, given dropping raw material prices, downstream tungsten scrap prices showed a downward trend too, and buyers were inactive in making purchases.Asian Metal Copyright Downstream steel mills were inactive in buying and the market saw limited deals.Asian Metal Copyright This month, mainstream APT 88.Asian Metal Copyright In March, given dropping raw material prices, downstream tungsten scrap prices showed a downward trend too, and buyers were inactive in making purchases.Asian Metal Copyright .Asian Metal Copyright On the international market, tungsten prices showed a generally downward trend.Asian Metal Copyright Consumers from cemented carbide alloy market were cautious in making purchases, so suppliers cut prices in hope of promoting sales, but with no positive responses from the markets.Asian Metal Copyright Given weak demand, consumers commonly made only hand-to-mouth purchases or preferred to wait on the sidelines, leading to limited deals on the international market.Asian Metal Copyright Inflation in the U.Asian Metal Copyright In March on the Chinese export market, export prices for APT 88.5%min, ferrotungsten 75%min and medium-sized tungsten carbide powder dropped to USD320/t, below USD38/kg W and USD39/kg respectively.Asian Metal Copyright Given generally weak demand from the domestic market, downstream cemented carbide producers mainly depended upon stocks for operation, leading to limited purchase orders on the market, and market participants were cautious in operating.Asian Metal Copyright Market participants lacked confidence upon future price trends.


    .Asian Metal Copyright Given generally weak demand from the domestic market, downstream cemented carbide producers mainly depended upon stocks for operation, leading to limited purchase orders on the market, and market participants were cautious in operatingAsian Metal Copyright
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