Tungsten market report July 2017
2017-08-11 17:33:40 【Print】
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In July, some producers of raw material side gradually resumed production, but the operating rates were hard to improve sharply affected by the environmental protection inspection, causing limited transactions in the spot market; besides, as stocks of spot material decreased gradually, producers held back from selling, leading to increasing prices. In particular, prices for tungsten concentrate and APT increased by about RMB8,000/t (USD183/mtu) and about RMB13,000/t (USD21.8/mtu) from those of last month; while those for the powder side increased by about RMB9/kg (USD1.34/kg). However, transactions were limited as consumers were cautious about making purchases due to sluggish end demand.
