English
At the beginning of the week, the tungsten market trend was relatively stable. The source tungsten concentrate market was temporarily stable, the transaction was relatively small, the powder price was slightly lowered, and the price difference between the powder price and its raw material price was gradually narrowing. The demand for the back end was still not good. Most manufacturers are waiting to see, operate cautiously, buy goods on demand, so the market as a whole does not have much change.
At the beginning of the week, the turnover of tungsten mines was quite small. It is difficult for downstream manufacturers to get goods at low prices. The miners are still reluctant to sell their minds. However, it is very difficult to sell them at high prices. Buyers either purchase at a reduced price or purchase them on demand or temporarily wait and see. At present, the price of 65-degree tungsten ore is 9.8-9.9 million/ton, and the price of 55-grade tungsten ore is 9.6-9.7 million yuan/ton. The price change is very small in the past half-month, there is no room for price drop, but there is no room for it. There is no incentive to raise prices.
The APT market has not changed much. The market price is around 160,000 yuan/ton. The price above 160,000 yuan/ton is not good for sale. The price below 160,000 yuan/ton is also sold, but the transaction volume is not large. There is still a price difference between tungsten concentrate and APT, so the purchase of downstream enterprises is still under pressure, and the price of APT is also slightly adjusted downward. However, as the market price further declines, the market trend of APT is more and more gradual, and most of the smelters Will be based on wait and see, waiting for demand to enter.
The price of tungsten powder continued to decrease, and the price difference between the price of powder and raw materials further narrowed. The price of tungsten carbide fell below 255 yuan/kg, and the mainstream price was 253-255 yuan/kg. However, the market price is still chaotic, 250-255. The price between RMB/kg is regarded as the normal price. The purchasing strategy of the downstream buyers remains unchanged. It is still on-demand purchase. How much to buy, the inventory is not too much. In the short term, the trend of the powder market will be relatively flat and the price will fall. The space is getting narrower and narrower.
In summary, the market changed very little at the beginning of the week. Most of the manufacturers are mainly on the sidelines. The outlook for the market outlook is still not optimistic. Now there are not many raw materials in the upstream and downstream manufacturers, so there is also the need and possibility of replenishing the goods at any time. Near the end, the attention of the manufacturers will turn to September, the market operation will be few, and the market changes will be relatively small.
