English
Tungsten market last week was smooth, both from the price, or from the manufacturer's mentality, the market performance is very stable, the main supply of tungsten products and demand are decreasing, manufacturers sales and procurement needs will not be short-term After the release, all major tungsten products are high stalemate, and the market is underpowered for price increases. However, there is no negative element. The market conditions throughout the week remain buoyant.
Tungsten ore prices showed signs of a slight increase. After two weeks, the miners were not interested in low-cost shipments, and the profit space was compressed. In addition, the smelting enterprises had sufficient stocks and the demand for tungsten concentrates was limited, which also led to tungsten concentrates. Restricted shipments, which caused both ends of supply and demand to be deserted, the 65-degree wolframite transaction price is still around 111,000/ton, and the 60-degree price of wool does not include tax, which reaches 1.51-1.52 yuan. Miners have bullish sentiment.
APT market high stalemate, manufacturers offer is still at 180,000 yuan / ton, the market transactions also started around this price, but the market transactions gradually decreased, the spot price is higher than 180,000 yuan / ton may also be traded, if it is futures, then the downstream Acceptance will not be strong, and now Jiangxi is still in environmental protection inspections, environmental protection "review" to continue inspections in the Quzhou region, so the smelter in Ganzhou City has not started production. APT prices rose in May. During one month, APT prices rose by 10,000 yuan/ton. The previous APT price exceeded 180,000 yuan/ton, which also dates back to September last year. However, the difference is that at that time. The increase in APT price in this round was due to the pulling effect of shortage of tungsten concentrate supply. At that time, APT price still had the risk of upside down, but this time the price increase was driven only by the shortage of APT. The shortage of APT was the impact of environmental protection inspection. This time, the price increase of APT exceeded expectations, and the profits of manufacturers that can produce are very good. It is understood that the smelters that have ceased production in the Shuozhou region still do not know when to resume production. In the short term, the impact on the market supply will not be significant, but if the time is dragged down, supply will inevitably have a certain gap. However, some market participants have different views. They believe that the impact of environmental inspections on the market is only amplified by public opinion. Environmental protection has caused some manufacturers to reduce their output, but it has also increased the output of some other smelters. As a result, the output of the market has not been imagined. It's so big.
At the beginning of June, most manufacturers still maintained a stable attitude. Environmental inspection remains an uncertain factor. If the environmental impact disappears, the APT market and the tungsten concentrate market may move into different trends. It will be implemented, and the low-priced tungsten concentrate trade fair will be reduced. The upper and lower reaches will find a balance point. The focus of attention is on the forecasted average price of Wuzhou Tungsten in June, the long-term price of large-scale tungsten enterprises, and the resumption of production of the smelter in Chuzhou. Happening.
