English
The domestic tungsten price remained stable and the stalemate remained stable. The fundamentals of the market did not change much. The overall supply remained stagnant at the tungsten mine, while the demand side remained cautiously buying, the supply and demand were weak, and the new round of institutions and large companies guided price adjustments. The rate is relatively conservative relative to the current market price, and the short-term tungsten market continues to maintain its stable state.
According to the news, the average tungsten price forecast for the Tungsten Association of Zhangzhou in June 2018 was: tungsten wolfram concentrate 111,500 yuan/ton, down by 1,000 yuan/ton from the previous month; APT 178,000 yuan/ton, up from the previous month. 5000 yuan / ton; tungsten powder in the 280 yuan / kg, up 5 yuan / kg from the previous month.
In the tungsten concentrate market, it is difficult for downstream factories to return to work, and the market supply and demand pressure is still evident. However, due to the impact of environmental protection, the miners themselves have higher costs for restocking their warehouses. Coupled with the optimistic expectations for the factory demand after the market recovery, traders are now relatively quiet. The price volatility will be low, and tungsten concentrate prices will remain at around 112,000 yuan/ton.
In the APT market, the central environmental inspector “see back” action delayed the renewal of the smelter, and the market supply shortage was difficult to fade. After the APT price rose in May, the recent quotations tended to be stable, due to lack of demand-side support, and the atmosphere of market trading was light. Suppress the market adjustment rate, the business inquiry is more cautious.
In the tungsten powder market, the back-end companies have weak acceptability for high-priced raw materials, and the demand side is still under pressure. After the price of tungsten powder has risen to 280 yuan/kg high with cost support, it appears that some successors are weak and the number of new orders is small. Traders cautiously wait and see mood.
