English
After entering the fourth quarter, the tungsten market did not improve, and the demand side continued to be weak. Some market participants described the market as entering a “cold winter”. The buying and selling was stagnant, and the powder alloy factory had few orders. What is more worrying is that orders are not The back end intends to delay the purchase, but there is no demand at all, so for the next market, most people in the industry are not optimistic about the market outlook.
The tungsten ore market is quiet, selling less, buying less, only some traders want to add some stock, but the price is difficult to talk about, so the tungsten market has very little volume, thanks to the shipment The reduction of the price of tungsten concentrate can be maintained. At present, the price of black tungsten standard mine is 99,000 yuan/standard tons, which is difficult to reach 100,000 yuan/ton. The downturn in back-end demand still brings very much to the tungsten ore end. Great pressure.
The APT market is more deserted. Due to the lack of demand, there are very few inquiries, so it is a bit difficult to sell goods at this time. The downstream manufacturers will try to lower the price as much as possible. The nominal price of the market is still 15.8-15.9 million yuan/ton, but it is already very Difficult to sell to this price, the smelter either choose to wait and see, or choose to sell at a low price, so the next market will continue to be under pressure.
The orders for tungsten powder and back-end alloy plants are poor, which makes the entire upstream market difficult to circulate. Many powder alloy plants are seriously under-operated. This is due to the overdraft of demand in the first half of the year and the other on the other. The severe impact of the overall economic situation, although the mainstream price of tungsten carbide is still maintained at 246-248 yuan / kg, the medium-particle tungsten powder has already fallen back to 250 yuan / kg, due to few orders, so the manufacturer's offer is not meaningful, The demand is not strong, the supply side can not provide support, and the downward pressure on the powder market is also great.
In summary, the demand for tungsten is not good. It is not that the demand of a certain manufacturer is not strong. Almost all back-end manufacturers have insufficient feedback, which makes the whole industry lack confidence. Therefore, the market is still more likely to suffer from stalemate. .
