GLOBAL TUNGSTEN SNAPSHOT: China concentrate price continues to tumble on weak consumer appetite

Key data from the pricing sessions in London and Shanghai in the week to Friday November 8.



China
Key drivers

The Chinese domestic tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market.  Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. The price fell by 2.2% week on week and compared with 94,000-96,000 yuan ($13,438-13,724) per tonne on October 16.  Major Chinese consumer Zhangyuan Tungsten on November 6set it buying price for delivery in the first half of November...

Published

Ewa Manthey

Huaqing Fu

November 11, 2019

11:18 GMT

Shanghai, London