GLOBAL TUNGSTEN SNAPSHOT: Chinese concentrate prices pick up on renewed consumer interest

Key data from the pricing sessions in London and Shanghai in the week to Friday November 29.

China Key drivers China’s domestic tungsten concentrate price was up by 1.2% over the past week. The increase came as producers held their prices firm, as it is close to their cost lines, and buyers restocked ahead of the New Year. Tungsten concentrate miners had previously cut their offer prices to encourage buying so are now under no pressure to sell. They are choosing to hold back their stock in anticipation of better prices. Combined with traders’ restocking activities, the market now has limited supply of tungsten concentrate, according to a producer in China. ...

Published

Ewa Manthey

Sybil Pan

December 02, 2019

12:42 GMT

Shanghai, London