Tungsten Market Report May 2012

Terminal demand for tungsten products did not improve in May, but the prices of tungsten products increased in the first half of May due to tight supply of tungsten concentrate.Asian Metal CopyrightTerminal demand for tungsten products did not improve in May, but the prices of tungsten products increased in the first half of May due to tight supply of tungsten concentrate.Asian Metal Copyright Most tungsten concentrate producers held stocks away from selling and pushed up the price.Asian Metal Copyright Most tungsten concentrate producers held stocks away from selling and pushed up the price.Asian Metal Copyright However, lacking support from downstream market, tungsten concentrate price increased slightly.Asian Metal Copyright However, lacking support from downstream market, tungsten concentrate price increased slightly.Asian Metal Copyright From the middle of May, most tungsten concentrate traders liquidated stocks, as they were not confident about the future market, and the price moved down.Asian Metal Copyright Market participants hold negative attitude towards short-term market, and tungsten products’ prices have room to go down further.Asian Metal Copyright Terminal consumers’ demand did not increase, so APT and tungsten carbide powder producers had few orders on hand, and reduced monthly output.Asian Metal CopyrightTerminal demand for tungsten products did not improve in May, but the prices of tungsten products increased in the first half of May due to tight supply of tungsten concentrate.Asian Metal Copyright Market participants hold negative attitude towards short-term market, and tungsten products’ prices have room to go down further.
.Asian Metal CopyrightTerminal demand for tungsten products did not improve in May, but the prices of tungsten products increased in the first half of May due to tight supply of tungsten concentrateAsian Metal Copyright