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  • Monthly Tungsten Market Report Apr 2023

    2023-05-23 18:45:13   【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 April, the Chinese tungsten market saw notably rising prices with market prices generally moving up all the way. Price increases this month could be attributed to changes in the supply-demand relation.Asian Metal Copyright Market Highlights In April, the Chinese tungsten market saw notably rising prices with market prices generally moving up all the way.Asian Metal Copyright Given inspections on environmental protection and production safety, in March to April upstream tungsten concentrate production was restricted and suppliers therefore held back from selling.Asian Metal Copyright Prices for medium-sized tungsten powder rose to RMB275kg USD38.Asian Metal Copyright Further boosted by the fact many downstream consumers set out to make replenishments, tungsten prices rebounded. In April, tungsten concentrate prices moved up from RMB114,000/t (USD16,159/t) to RMB122,000/t (USD17,293/t) and suppliers made profits in late April, and prices tended to stabilize.Asian Metal Copyright1.Asian Metal Copyright This month, boosted by rising tungsten concentrate prices, APT88.5%min prices followed suit, rising from the bottom line of RMB173,000/t (USD24,522/t) in this month to RMB182,000/t (USD25,797/t), and many consumers made purchases at around RMB175,000/t (USD24,805/t), while the market saw inactive deals concluded at higher than RMB175,000/t (USD24,805/t).Asian Metal Copyright This month, boosted by rising tungsten concentrate prices, ferrotungsten prices edged up on the whole, with ferrotungsten 70%min and 80C up to RMB175,000t USD24,805t and RMB182,000t USD25,790t respectively from RMB172,000t USD24,373t and RMB180,000t USD25,513t, but downstream steel mills were inactive in buying and made only hand-to-mouth purchases.Asian Metal Copyright Producers held limited stocks and commonly maintained make-to-order production, with limited deals concluded on the spot market.Asian Metal Copyright In April, export prices for Chinese APT88.Asian Metal Copyright In April, boosted by rising APT88.Asian Metal Copyright57kg to around RMB268kg USD37.Asian Metal Copyright5%min prices, prices for tungsten powder and tungsten carbide powder both moved up. Prices for medium-sized tungsten carbide powder rose from RMB258/kg (USD36.57/kg) to around RMB268/kg (USD37.99/kg), but most cemented carbide producer made replenishments when prices rose to around RMB260/kg (USD36.85/kg) in early April, and most deals concluded at over RMB265/kg (USD37.56/kg) were rigid-demand orders. Prices for medium-sized tungsten powder rose to RMB275/kg (USD38.97/kg) and downstream consumers were relatively cautious in making purchases. In April, tungsten bar prices moved up to around RMB298/kg (USD42.23/kg) but end demand was weak. This month, boosted by rising tungsten concentrate prices, ferrotungsten prices edged up on the whole, with ferrotungsten 70%min and 80C up to RMB175,000/t (USD24,805/t) and RMB182,000/t (USD25,790/t) respectively from RMB172,000/t (USD24,373/t) and RMB180,000/t (USD25,513/t), but downstream steel mills were inactive in buying and made only hand-to-mouth purchases.Asian Metal Copyright On the international market, in April Chinese tungsten exports grew slowly.Asian Metal Copyright Boosted by rising raw material prices, in April prices for tungsten products moved up on the whole.Asian Metal Copyright97kg and downstream consumers were relatively cautious in making purchases.Asian Metal Copyright On the international market, in April Chinese tungsten exports grew slowly.Asian Metal Copyright This month, boosted by rising tungsten concentrate prices, ferrotungsten prices edged up on the whole, with ferrotungsten 70%min and 80C up to RMB175,000t USD24,805t and RMB182,000t USD25,790t respectively from RMB172,000t USD24,373t and RMB180,000t USD25,513t, but downstream steel mills were inactive in buying and made only hand-to-mouth purchases.Asian Metal Copyright Given rising prices inside China, overseas buyers set out to make replenishments, and the Chinese export market saw mildly growing deals.Asian Metal Copyright Further boosted by the fact many downstream consumers set out to make replenishments, tungsten prices rebounded.Asian Metal Copyright But international economic situation was dim on the whole and producers held no high operating rates.Asian Metal Copyright In April, boosted by rising APT88.Asian Metal Copyright In April, export prices for Chinese APT88.5%min, tungsten carbide powder and ferrotungsten 75%min stood at USD320-330/mtu, USD39.5-40/kg and USD37-38/mtu respectively, and the market saw generally inactive deals.

    .Asian Metal Copyright97kg and downstream consumers were relatively cautious in making purchasesAsian Metal Copyright
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