Tungsten Market Report August 2012
2012-09-12 10:23:00 【Print】
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Tungsten market remains quiet in August, and the demand from downstream market does not improve obviously
. Due to sluggish economic situation and slow capital construction, the consumption for cemented carbide keeps low . Most consumers in terminal market reduce stocks and purchasing volume, so the demand for tungsten carbide powder decreases . Without support from downstream market, tungsten products prices move down in the month . Tungsten concentrate price almost touches the production cost, so more and more suppliers stop selling . Traders and speculators return to the market for purchasing and push up tungsten concentrate price . Market participants forecast that tungsten market will be stable in September, and shows no sign to change greatly.