English
This week, the two listed tungsten enterprises have signed a long-term purchase of raw materials, which has been greatly reduced compared with the long-term quotation in the first half of the month. This is also expected by market participants. Looking at the sound of stability, but the power to stabilize the market is still insufficient, the terminal demand continues to be weak, and manufacturers who are not optimistic about the market still occupy more than half of the products;
The tungsten ore market is weak and the price has not changed much. The long-term price of large-scale tungsten enterprises was also released yesterday. The purchase price of Zhangyuan Tungsten's 65-degree black tungsten long-selling single is 99,000/ton, and the price of white tungsten is 97,500 yuan/ton. Basically, it is more suitable for the current market price. In the short term, the market transaction price will start around this price. However, there is still a reluctance to sell at the end of the tungsten concentrate, especially some manufacturers with higher cost ore, the shipping intention is not high, procurement At one end, due to concerns about the market outlook, they did not dare to enter the market rashly, so most of them were waiting to see, and the market for mines changed little.
The two major listed tungsten APT long-term purchase prices in the second half of this month are all 161,000 yuan / ton of cash, the bulk of the transaction is not much, the next market price will mostly refer to the long single price, compared to last week, The price of APT is further close to 160,000 yuan / ton, and the price difference between the price of tungsten concentrate is also shrinking. In the short term, due to the weak market demand, the market still lacks strong support for stabilization. The weak stalemate is still the main market.
The tungsten powder market has not changed much, the market price has decreased, and the price of tungsten carbide has fallen back below 260 yuan/kg. The key issue now is not the price, but the order problem. The order in the powder market is still very small, partly because Downstream manufacturers are still short-selling markets and do not enter the market. Another part of the reason is of course that demand is reduced. There is no need to purchase large quantities. After nearly two months of consumption, the back-end manufacturers should not have enough inventory, but only Due to the above two reasons, the manufacturer will not make a large amount of replenishment at this time, so it is only used to buy points. Since the price of the powder and the raw materials still have a price difference, the possibility of further price declines is greater.
In summary, the market is weakly stagnant, and the need to stabilize the market. After the long-term price comes out, the market transaction will also refer to the long-term quotation, and the next market is still likely to remain weak.
