Japanese Tungsten Market

Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese customers are inactive in making deals. The tungsten market keeps quiet in Japan this week.

A major tungsten trader based in Japan noted that they have no plan to make deals from January to June. He revealed that they mainly keep producing on the long-term orders. The source said that they receive offers for APT at USD375-385/mtu from China, and some offers are even higher. However, they only could accept the prices at USD360-370/mtu or lower.

The source expressed that although the sales volume for car increases slightly in Japan, it is unlikely for the demand for tungsten products to recover obviously in the recent several months. Looking ahead, he said that they will watch the market for a while, and do not eager to make deals.

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