Monthly Tungsten Market Report Jul 2024

Content

1. Market Highlights 2
2. Economy and Policy 2
2.1 China further strengthens administrative safety licensing for non-coal mines 2
2.2 China's annual recycling of recyclable resources up by 1.5% YoY 2
2.3 China's H1 foreign trade again hits new high 2
2.4 China launches inspection of state-owned natural resources assets 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 Copyright46% YoY in June 2024 11 5.Asian Metal Copyright2 Chinese APT 88.5%min EXW price trend 2
3.1.Asian Metal Copyright4 Chinese tungsten carbide powder 99.Asian Metal Copyright3 Chinese tungsten oxide 99.95%min EXW price trend 3
3.1.Asian Metal Copyright1 Chinese tungsten concentrate 65%min price trend EXW 2 3.Asian Metal Copyright4 Chinese tungsten carbide powder 99.Asian Metal Copyright2.Asian Metal Copyright8%min 2.Asian Metal Copyright3.Asian Metal Copyright5-7.0μm EXW price trend 3
3.1.Asian Metal Copyright1 China's APT producers' operating rate up by 5.Asian Metal Copyright5 Chinese tungsten powder 99.Asian Metal Copyright1.Asian Metal Copyright95%min 2.Asian Metal Copyright Economy and Policy 2 2.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 Copyright Market Movements 2 3.Asian Metal Copyright8 Chinese tungsten bar 99.9%min EXW price trend 4
3.1.9 Chinese sodium tungstate 68%min EXW price trend 4
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 5
3.2 Export Market Movements 5
3.2.Asian Metal Copyright4 Ferrotungsten 75%min FOB China price trend 5 3.Asian Metal Copyright1 APT 88.5%min FOB China price trend 5
3.2.Asian Metal Copyright1 China's APT producers' operating rate up by 5.Asian Metal Copyright2 Tungsten carbide powder 99.Asian Metal Copyright3 Market Movements Abroad 6 3.Asian Metal Copyright8%min 2.Asian Metal Copyright4 China's blue tungsten oxide export volume up by 121.Asian Metal Copyright5-7.0μm FOB China price trend 5
3.2.Asian Metal Copyright1 Tungsten concentrate 50%min FOB Africa price trend 6 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 Copyright3 European ferrotungsten 75%min in Warehouse Rotterdam price trend 6 3.Asian Metal Copyright5 Tungsten bar W-4 99.9%min FOB China price trend 6
3.3 Market Movements Abroad 6
3.3.1 Tungsten concentrate 50%min FOB Africa price trend 6
3.3.Asian Metal Copyright95%min 2.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 7
4.1 3 billion yuan tungsten wire project breaks ground in Zhangzhou 7
4.2 OKE to invest in 10-bln-meter tungsten wire project 7
5. Producers Statistics 7
5.1 Data on Tungsten Concentrate 7
5.1.Asian Metal Copyright3 Data on tungsten carbide powder 10 5.Asian Metal Copyright1 China's tungsten concentrate producers' operating rate down by 5.68% MoM in July 7
5.1.Asian Metal Copyright14% MoM in July 9 5.Asian Metal Copyright2 China's tungsten concentrate producers' output down by 17.52% YoY in July 7
5.1.Asian Metal Copyright1.Asian Metal Copyright3 China's tungsten concentrate producers' stocks down by 84.08% YoY in July 8
5.2 Data on APT 8
5.2.Asian Metal Copyright2 China's annual recycling of recyclable resources up by 1.Asian Metal Copyright1 China's APT producers' operating rate up by 5.15% MoM in July 8
5.2.Asian Metal Copyright3 Market Movements Abroad 6 3.Asian Metal Copyright2 China's APT producers' output up by 5.14% MoM in July 9
5.2.3 China's APT producers' stocks stable YoY in July 9
5.3 Data on tungsten carbide powder 10
5.3.Asian Metal Copyright1.Asian Metal Copyright1 China's tungsten carbide powder producers' operating rate down by 3.58% MoM in July 10
5.3.Asian Metal Copyright1 APT 88.Asian Metal Copyright2 China's tungsten carbide powder producers' output down by 3.58% MoM in July 10
5.3.Asian Metal Copyright52% YoY in July 7 5.Asian Metal Copyright3 China's tungsten carbide powder producers' stocks down by 3.58% MoM in July 11
6. Import and export statistics 11
6.1 China's ammonium paratungstate export volume grew 258.46% YoY in June 2024 11
5.2 China's tungsten carbide export volume up by 17.43% MoM in June 2024 12
5.3 China's tungsten powders export volume up by 90.00% MoM in June 2024 12
5.4 China's blue tungsten oxide export volume up by 121.87% MoM in June 2024 13
5.5 China's yellow tungsten oxide export volume up by 38.27% MoM in June 2024 13


.Asian Metal Copyright5-7Asian Metal Copyright