Monthly Tungsten Market Report Aug 2024

Content

1. Market Highlights 2
2. Economy and Policy 2
2.1 China's Jan-Jul production of ten nonferrous metals up by 7.3% YoY 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 Copyright8%min 2.Asian Metal Copyright2 Chinese APT 88.5%min EXW price trend 2
3.1.Asian Metal Copyright28% YoY in August 7 5.Asian Metal Copyright3 Chinese tungsten oxide 99.95%min EXW price trend 2
3.1.Asian Metal Copyright2 Chinese tungsten carbide powder producers' output down by 1.Asian Metal Copyright4 Chinese tungsten carbide powder 99.Asian Metal Copyright1 Chinese tungsten concentrate 65%min price trend EXW 2 3.Asian Metal Copyright8%min 2.Asian Metal Copyright2 CMOC's H1 molybdenum and tungsten output exceeds mid-term guidance 6 4.Asian Metal Copyright5-7.0μm EXW price trend 2
3.1.Asian Metal Copyright Import and export statistics 11 6.Asian Metal Copyright5 Chinese tungsten powder 99.Asian Metal Copyright1.Asian Metal Copyright95%min 2.Asian Metal Copyright3 Data on tungsten carbide powder 10 5.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 Copyright1 China's Jan-Jul production of ten nonferrous metals up by 7.Asian Metal Copyright8 Chinese tungsten bar 99.9%min EXW price trend 3
3.1.9 Chinese sodium tungstate 68%min EXW price trend 3
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 4
3.2 Export Market Movements 4
3.2.Asian Metal Copyright10 Chinese tungsten grinding sward scrap W70%min Co5%min Ex-VAT delivered price trend 4 3.Asian Metal Copyright1 APT 88.5%min FOB China price trend 4
3.2.Asian Metal Copyright1 China's tungsten concentrate producers' operating rate down by 7.Asian Metal Copyright2 Tungsten carbide powder 99.Asian Metal Copyright2 Chinese tungsten carbide powder producers' output down by 1.Asian Metal Copyright8%min 2.Asian Metal Copyright3 Zhangyuan Tungsten reports lower H1 tungsten powder sales 7 5.Asian Metal Copyright5-7.0μm FOB China price trend 5
3.2.Asian Metal Copyright24% MoM in July 2024 12 5.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 Copyright1 China's ammonium paratungstate export volume up by 293.Asian Metal Copyright5 Tungsten bar W-4 99.9%min FOB China price trend 5
3.3 Market Movements Abroad 6
3.3.1 Tungsten concentrate 50%min FOB Africa price trend 6
3.3.Asian Metal Copyright1.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 6
4.1 Hunan Gold's H1 tungsten products output down by 21.3% YoY 6
4.2 CMOC's H1 molybdenum and tungsten output exceeds mid-term guidance 6
4.3 Zhangyuan Tungsten reports lower H1 tungsten powder sales 7
5. Producers Statistics 7
6. 5.1 Producers Statistics 7
5.1.Asian Metal Copyright1.Asian Metal Copyright1 China's tungsten concentrate producers' operating rate down by 7.6% MoM in August 7
5.1.Asian Metal Copyright95%min EXW price trend 2 3.Asian Metal Copyright2 Chinese tungsten concentrate producers' output down by 15.28% YoY in August 7
5.1.3 Chinese tungsten concentrate producers' stocks down by 80% YoY in August 8
5.2 Data on APT 8
5.2.Asian Metal Copyright3.Asian Metal Copyright1 Chinese APT producers' operating rate down by 0.26% MoM in August 8
5.2.Asian Metal Copyright24% MoM in July 2024 12 5.Asian Metal Copyright2 Chinese APT producers' output down by 0.61% MoM in August 9
5.2.Asian Metal Copyright3 Chinese APT producers' stocks up by 8.Asian Metal Copyright3 Chinese APT producers' stocks up by 8.33% MoM in August 9
5.3 Data on tungsten carbide powder 10
5.3.Asian Metal Copyright1.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 1.03% MoM in August 10
5.3.Asian Metal Copyright1 Producers Statistics 7 5.Asian Metal Copyright2 Chinese tungsten carbide powder producers' output down by 1.03% MoM in August 10
5.3.3 Chinese tungsten carbide powder producers' stocks down by 40% MoM in August 11
7. Import and export statistics 11
6.1 China's ammonium paratungstate export volume up by 293.99% MoM in July 2024 11
5.2 China's tungsten carbide export volume up by 19.86% YoY in July 2024 11
5.3 China's tungsten powders export volume down by 53.24% MoM in July 2024 12
5.4 China's blue tungsten oxide export volume up by 46.48% MoM in July 2024 12
5.5 China's yellow tungsten oxide export volume down by 23.64% MoM in July 2024 13


.Asian Metal Copyright4 China's blue tungsten oxide export volume up by 46Asian Metal Copyright