Tungsten Market Report July 2011

Chinese Tungsten market rebounded in the beginning of July after two-months sliding.Asian Metal Copyright Many companies arrange annual holidays in the two months, so demand of tungsten decreased.Asian Metal Copyright It appeared to be in tight supply again, especially for tungsten concentrate and APT.Asian Metal Copyright Many companies arrange annual holidays in the two months, so demand of tungsten decreased.Asian Metal Copyright The prices for raw materials rose fast and downstream products prices adjusted accordingly.Asian Metal Copyright Although tungsten prices rose in China, European spot market hovered at lower level due to thin trade.Asian Metal Copyright Market participants look forward toward the future market and some suppliers hold back from selling.Asian Metal Copyright The power usage in July doubled compared to the same period last year, and the Chinese Southern Power Grid alarmed for power shortage.Asian Metal Copyright The power usage in July doubled compared to the same period last year, and the Chinese Southern Power Grid alarmed for power shortage.Asian Metal Copyright Tungsten smelting was affected by limited power supply.Asian Metal Copyright Tungsten smelting was affected by limited power supply.

July and August is the traditional holiday season in Europe. Many companies arrange annual holidays in the two months, so demand of tungsten decreased.Asian Metal Copyright Tungsten smelting was affected by limited power supply.Asian Metal Copyright Although tungsten prices rose in China, European spot market hovered at lower level due to thin trade.
.Asian Metal Copyright July and August is the traditional holiday season in EuropeAsian Metal Copyright