English
This week, the tungsten market has not shaken off the weak stalemate. The continued sluggish demand side has made the whole market look lack of vitality. Fortunately, the tungsten ore shipments have tightened, so that the price will not fall sharply, but the small negative decline is difficult. Avoid, and the current demand does not see signs of recovery, most market participants also take a wait-and-see attitude.
Tungsten ore has become the most powerful support point for the market. Due to the tightening of tungsten ore shipments, the price of the back-end products has also been maintained. At present, the price of black tungsten concentrate is 9.9-100,000 yuan/ton, and the price of mines has dropped back to 100,000. Below RMB/ton, there is still the possibility of continuing to fall, especially as time goes on, demand will not continue to pick up and the capital pressure of miners will increase, and the possibility of individual low-priced shipments will not be ruled out.
The APT market has very few transactions. In recent days, the transactions have been concentrated at 158,000 yuan/ton. However, the current price is more difficult to sell. The price below 158,000 yuan/ton is also reported, but it is not the mainstream price. Downstream manufacturers basically do not care at this time. One reason is that they have received fewer orders, sufficient inventory, and the market price may fall further. Manufacturers also have the mentality of buying and not buying, so the market weakness of APT The stalemate, the downward pressure is still very large.
The demand for tungsten powder is not strong. Although the price of tungsten carbide is maintained at 246 yuan/kg, the medium-grain tungsten powder is around 248 yuan/kg, but the actual trading volume is very few. The bulk cargo is basically unattended and the demand performance is sluggish. There are several reasons for this. First, the inventory of the alloy factory is sufficient. Because the alloy orders are reduced, the purchase volume of raw materials will naturally decrease. Secondly, the market is weak, and the price of raw materials still has room to fall. The attitude of buying and not buying is very strong. Then, the manufacturers are more pessimistic about the market outlook, do not dare to backlog inventory, and the pressure on the end of the year, the manufacturers will not put the funds on the raw material end, these factors superimposed to cause the powder alloy orders to shrink, the market is also sluggish.
In summary, the new orders for powdered alloys are very small, causing market circulation to be blocked, the weak market continues to spread, and the price of tungsten products may fall further.
