English
At the end of this week, the market was weak and difficult to change. The market was weak mainly due to shortages in supply and demand. There was no problem with the supply of tungsten concentrates. However, the supply of APT was still in short supply. Although the smelters that stopped production began to produce, In the short term, it will be difficult to restore the original supply status. However, this supply can also achieve a balance with demand, because the market has entered the off-season and the demand for terminals has decreased significantly. This way, both supply and demand are weakly balanced.
The tungsten ore market has not changed much. The price is temporarily maintained. The tungsten ore is more difficult to be sold. The downstream smelters have sufficient stocks, and they are not optimistic about the market outlook. Therefore, many manufacturers are cautious on the market and the bulk market transactions are stalemate. They can only focus on the next week. Long single quote. As far as prices are concerned, the tungsten mine at 60 degrees is about 111,000 tons per ton, and the miners do not sell at low prices, and the high prices at the lower reaches are not met, and the market volume is not good.
This week, the APT market remained weak. Prices were higher than 180,000 yuan per ton. The market price was basically between RMB 178,000 and 180,000 per ton. The back-end demand was relatively light. Most downstream manufacturers consumed the inventory. In fact, APT still has a high component, so the downstream manufacturers' current purchase intention is very low, waiting for price adjustments. However, in reality, due to the increase in smelting processing costs and the increase in costs caused by environmental protection, APT’s profit margin is not imagined. Big. At present, the supply and demand of the market are all in short supply. Near the end of the month, most manufacturers still choose to wait and see, and the short-term weakness will continue.
The market demand for tungsten powder and back-end alloys is weak. This is not merely a reduction in demand caused by the arrival of the off-season, but a decrease in actual demand. Although the price of tungsten carbide is still maintained at around 280 yuan/kg, few deals have been made. Most manufacturers are consuming inventories. Manufacturers that make up a single demand will delay purchasing as much as possible. Manufacturers are still hard to accept the current price of powder. Therefore, most manufacturers wait and see wait for prices to adjust and wait for the market to enter equilibrium. .
In summary, the market enters the off-season, supply and demand are weak, but basically maintain the weakness is stable, the follow-up trend of the market will be relatively flat, the buyer will try to delay the stocking, the price quoted by the Tungsten Company and the Tungzhou Tungsten Association will be given next Monday. Further attention.
