Monthly Tungsten Market Report May 2024
2024-06-19 17:53:22 【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 May, as central environmental inspection groups arrived in some provinces, tungsten production in China was affected to some extent and raw material supply on the spot market was limited. As a result, tungsten prices fluctuated and stayed firm at a high level this month. In late May, as some suppliers showed growing intention to make sales, the market saw growing supply, leading to slightly dropping prices. In May, the Chinese tungsten market saw generally limited supply and consumers were inactive in making purchases owing to still soft demand.
In May on the international market, supply of tungsten raw materials grew, but demand remained soft on the whole as consumers commonly waited on the sidelines and were inactive in making purchases. Boosted by rising tungsten prices in China, prices for tungsten products on the international market moved up on the whole, but plants held relatively low operating rates and production decreased slightly.
In May, as central environmental inspection groups arrived in some provinces, tungsten production in China was affected to some extent and raw material supply on the spot market was limited. As a result, tungsten prices fluctuated and stayed firm at a high level this month. In late May, as some suppliers showed growing intention to make sales, the market saw growing supply, leading to slightly dropping prices. In May, the Chinese tungsten market saw generally limited supply and consumers were inactive in making purchases owing to still soft demand.
In May on the international market, supply of tungsten raw materials grew, but demand remained soft on the whole as consumers commonly waited on the sidelines and were inactive in making purchases. Boosted by rising tungsten prices in China, prices for tungsten products on the international market moved up on the whole, but plants held relatively low operating rates and production decreased slightly.
