Monthly Tungsten Market Report Aug 2024

Content

1. Market Highlights 2
2. Economy and Policy 2
2.1 China's Jan-Jul production of ten nonferrous metals up by 7.3% YoY 2
3. Market Movements 2
3.1 Market Movements in China 2
3.1.1 Chinese tungsten concentrate 65%min price trend EXW 2
3.1.Asian Metal Copyright99% MoM in July 2024 11 5.Asian Metal Copyright2 Chinese APT 88.5%min EXW price trend 2
3.1.Asian Metal Copyright1.Asian Metal Copyright3 Chinese tungsten oxide 99.95%min EXW price trend 2
3.1.Asian Metal Copyright2 Tungsten carbide powder 99.Asian Metal Copyright4 Chinese tungsten carbide powder 99.Asian Metal Copyright3 China's tungsten powders export volume down by 53.Asian Metal Copyright8%min 2.Asian Metal Copyright7 Chinese ferrotungsten 70%min EXW price trend 3 3.Asian Metal Copyright5-7.0μm EXW price trend 2
3.1.Asian Metal Copyright86% YoY in July 2024 11 5.Asian Metal Copyright5 Chinese tungsten powder 99.Asian Metal Copyright3 Tungsten oxide WO3 99.Asian Metal Copyright95%min 2.Asian Metal Copyright7 Chinese ferrotungsten 70%min EXW price trend 3 3.Asian Metal Copyright5-7.0μm EXW price trend 3
3.1.6 Chinese ferrotungsten 75%min EXW price trend 3
3.1.7 Chinese ferrotungsten 70%min EXW price trend 3
3.1.Asian Metal Copyright2.Asian Metal Copyright8 Chinese tungsten bar 99.9%min EXW price trend 3
3.1.9 Chinese sodium tungstate 68%min EXW price trend 3
3.1.10 Chinese tungsten grinding sward scrap W70%min Co5%min Ex-VAT delivered price trend 4
3.1.11 Chinese tungsten scrap CNC cutting blade W70%min Ex-VAT delivered price trend 4
3.1.12 Chinese tungsten scrap anvil 90%min Ex-VAT delivered price trend 4
3.1.13 Chinese tungsten scrap drill 70%min Ex-VAT delivered price trend 4
3.2 Export Market Movements 4
3.2.Asian Metal Copyright2 China's tungsten carbide export volume up by 19.Asian Metal Copyright1 APT 88.5%min FOB China price trend 4
3.2.Asian Metal Copyright Company News 6 4.Asian Metal Copyright2 Tungsten carbide powder 99.Asian Metal Copyright1.Asian Metal Copyright8%min 2.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 1.Asian Metal Copyright5-7.0μm FOB China price trend 5
3.2.Asian Metal Copyright13 Chinese tungsten scrap drill 70%min Ex-VAT delivered price trend 4 3.Asian Metal Copyright3 Tungsten oxide WO3 99.95%min FOB China price trend 5
3.2.4 Ferrotungsten 75%min FOB China price trend 5
3.2.Asian Metal Copyright5%min EXW price trend 2 3.Asian Metal Copyright5 Tungsten bar W-4 99.9%min FOB China price trend 5
3.3 Market Movements Abroad 6
3.3.1 Tungsten concentrate 50%min FOB Africa price trend 6
3.3.Asian Metal Copyright3 Chinese tungsten concentrate producers' stocks down by 80% YoY in August 8 5.Asian Metal Copyright2 European APT 88.5%min in Warehouse Rotterdam price trend 6
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam price trend 6
3.3.4 Russian ferrotungsten 75%min FOB price trend 6
4. Company News 6
4.1 Hunan Gold's H1 tungsten products output down by 21.3% YoY 6
4.2 CMOC's H1 molybdenum and tungsten output exceeds mid-term guidance 6
4.3 Zhangyuan Tungsten reports lower H1 tungsten powder sales 7
5. Producers Statistics 7
6. 5.1 Producers Statistics 7
5.1.Asian Metal Copyright1 Chinese tungsten concentrate 65%min price trend EXW 2 3.Asian Metal Copyright1 China's tungsten concentrate producers' operating rate down by 7.6% MoM in August 7
5.1.Asian Metal Copyright2 Export Market Movements 4 3.Asian Metal Copyright2 Chinese tungsten concentrate producers' output down by 15.28% YoY in August 7
5.1.3 Chinese tungsten concentrate producers' stocks down by 80% YoY in August 8
5.2 Data on APT 8
5.2.Asian Metal Copyright13 Chinese tungsten scrap drill 70%min Ex-VAT delivered price trend 4 3.Asian Metal Copyright1 Chinese APT producers' operating rate down by 0.26% MoM in August 8
5.2.Asian Metal Copyright2.Asian Metal Copyright2 Chinese APT producers' output down by 0.61% MoM in August 9
5.2.Asian Metal Copyright5 China's yellow tungsten oxide export volume down by 23.Asian Metal Copyright3 Chinese APT producers' stocks up by 8.33% MoM in August 9
5.3 Data on tungsten carbide powder 10
5.3.Asian Metal Copyright8 Chinese tungsten bar 99.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 1.03% MoM in August 10
5.3.Asian Metal Copyright10 Chinese tungsten grinding sward scrap W70%min Co5%min Ex-VAT delivered price trend 4 3.Asian Metal Copyright2 Chinese tungsten carbide powder producers' output down by 1.03% MoM in August 10
5.3.3 Chinese tungsten carbide powder producers' stocks down by 40% MoM in August 11
7. Import and export statistics 11
6.1 China's ammonium paratungstate export volume up by 293.99% MoM in July 2024 11
5.2 China's tungsten carbide export volume up by 19.86% YoY in July 2024 11
5.3 China's tungsten powders export volume down by 53.24% MoM in July 2024 12
5.4 China's blue tungsten oxide export volume up by 46.48% MoM in July 2024 12
5.5 China's yellow tungsten oxide export volume down by 23.64% MoM in July 2024 13


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