Tungsten market is not good, the transaction continues to be light

Abstract Last week (December 9th - December 13th), the domestic tungsten market was in a bad market, the trend was all the way down, the terminal demand was slow to release, and the transaction continued to be light. In terms of tungsten concentrate, the mainstream price of 65% black tungsten concentrate on the market is about 125,000 yuan / ton, the actual transaction price...
Last week (December 9th - December 13th), the domestic tungsten market was in a bad market, the trend was all the way down, the terminal demand was slow to release, and the transaction continued to be light.

In terms of tungsten concentrate, the mainstream price of 65% black tungsten concentrate on the market is about 125,000 yuan / ton, and the actual transaction price is 12-12.5 million yuan / ton, down 0.5 million yuan / ton from last weekend. The mainstream price of 55% black tungsten concentrate is 118,000 yuan/ton, and the actual transaction price is 11.3-11.6 million yuan/ton, down 0.3 million yuan/ton from last weekend. Last week, the market continued to fall, the inquiry decreased, the quotation decreased, and the transaction was slow. There is no obvious positive news in the current market. Large enterprises have no acquisition behavior, state-owned mines have begun to limit production and insured prices, middlemen are reluctant to suppress goods, and funds are tight.

In terms of APT, the mainstream APT price in the market is around 180,000 yuan/ton, and the actual transaction price is concentrated at 17.9-18.1 million yuan/ton, down 0.2 million yuan/ton from last weekend. Due to the tight capital, the demand for downstream cemented carbide producers has been slow to release, resulting in a significant decrease in the volume of APT smelters and traders compared to the same period last year.

In terms of powder, the mainstream price of medium-particle tungsten carbide powder on the market is 285 yuan/kg, and the actual transaction price is 280-284 yuan/kg, which is basically the same as last weekend; the mainstream price of medium-grain tungsten powder is 286 yuan/kg, the actual transaction price It is 282-286 yuan / kg, down 2 yuan / kg from last weekend. The demand for tungsten materials has decreased significantly this year, and the orders for cemented carbides have also dropped significantly.

Affected by the tightening of funds at the end of the year, the foreign tungsten market continued to be weak, and merchants’ lack of confidence in the later market is expected to continue to decline slightly next week.

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