English
This week, the tungsten market was weak and the price of tungsten in the main raw materials was lowered to varying degrees. The weak market in the off-season spread and the trading was very small. At present, the market has not found a strong support point. Most of the manufacturers are short-selling, so basically They are mainly on the sidelines, with less practical operations.
The price of tungsten ore has further declined, and the supply of goods in the market caused by the weak market is oversupply. At this time, the downstream buyers are not interested in taking over the tungsten ore, and because of the inventory and funds, plus buy and not buy The market mentality of falling, and generally few manufacturers continue to buy, the current price of 60-degree tungsten sand does not fall to 1.46 yuan, while the price of black tungsten standard mine goes straight to the 105,000 yuan / ton mark, but with As the price declines, the manufacturers' profits are reduced, the capital pressure is eased, the manufacturers' willingness to sell will also decrease, and the market trend will become more and more gradual.
In the past two days, the APT market has not changed much, and it is still in a weak state. It is stable compared with the mine and powder market. The main reason is that APT's spot supply is still relatively small, most smelters have less inventory, and low-cost inventory has already been consumed. This makes the market no APT sell-off, and downstream buyers will not be in a hurry to enter the market at this time. The transaction price can be limited. The price of APT can be maintained for a short time, but the market is difficult to change. The downstream inquiries will also be as low as possible, so the price of around 175,000 yuan / ton is not a safe area, but under the circumstance of many negative factors, the APT market is still under a lot of downward pressure.
In the past two days, the market price of tungsten powder has dropped slightly. The price of tungsten carbide has come below 275 yuan/kg, and 275 yuan/kg has been regarded as a high price in the market. During this period, orders for powder alloys are relatively small, and the market in the off-season is very obvious. Most alloy and product manufacturers are either digesting their own stocks, or how much they buy, not long-term preparations, and wait and see to become the mainstream mentality of everyone. In the short term, the powder market will still be dominated by weakness.
Summary, this week's end, the market is weak, and the price is down slightly. This is expected by most manufacturers, so the manufacturers are also very psychologically prepared and the operation is more rational. In the short term, this weak market should continue.
