Monthly Tungsten Market Report Dec 2023
2024-01-16 18:11:41 【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, the Chinese tungsten market ran in a stalemate. Supply of tungsten raw materials was limited and most suppliers intended to keep prices firm. Tungsten concentrate prices hovered at a high level, but restricted by soft end demand, the market saw inactive deals and consumers were cautious in making purchases. This month, boosted by firm tungsten concentrate prices, APT 88.5%min suppliers kept offers firm. Most producers held limited stocks and therefore kept offers firm. Downstream powder producers commonly made purchases via long-term orders owing to soft demand and the spot market saw generally limited deals. This month, supported by firm raw material prices, prices for medium-sized tungsten carbide powder and tungsten powder stayed firm as suppliers faced costs pressure and kept offers firm, while downstream consumers commonly maintained hand-to-mouth purchases and orders from alloy industry were limited on the whole. In December, boosted by rising tungsten concentrate prices, ferrotungsten prices edged up and suppliers kept offers firm, but downstream steel mills were inactive in making purchases. In December, the international market ran slowly. Participants on the European and American markets were commonly on the Christmas holiday and therefore preferred to stand on the sidelines. The Chinese tungsten export market still saw inactive deals in December as consumers made only hand-to-mouth purchases. But supported by firm prices inside China, tungsten exporters kept offers generally unchanged.
In December, the Chinese tungsten market ran in a stalemate. Supply of tungsten raw materials was limited and most suppliers intended to keep prices firm. Tungsten concentrate prices hovered at a high level, but restricted by soft end demand, the market saw inactive deals and consumers were cautious in making purchases. This month, boosted by firm tungsten concentrate prices, APT 88.5%min suppliers kept offers firm. Most producers held limited stocks and therefore kept offers firm. Downstream powder producers commonly made purchases via long-term orders owing to soft demand and the spot market saw generally limited deals. This month, supported by firm raw material prices, prices for medium-sized tungsten carbide powder and tungsten powder stayed firm as suppliers faced costs pressure and kept offers firm, while downstream consumers commonly maintained hand-to-mouth purchases and orders from alloy industry were limited on the whole. In December, boosted by rising tungsten concentrate prices, ferrotungsten prices edged up and suppliers kept offers firm, but downstream steel mills were inactive in making purchases. In December, the international market ran slowly. Participants on the European and American markets were commonly on the Christmas holiday and therefore preferred to stand on the sidelines. The Chinese tungsten export market still saw inactive deals in December as consumers made only hand-to-mouth purchases. But supported by firm prices inside China, tungsten exporters kept offers generally unchanged.
