This week, the overall price of tungsten presents a solid consolidation market, due to the increase in the sentiment of the shipper's profit shipment, and the downstream end users just need to consume relatively stable, the market spot liquidity slightly improved. However, the game between supply and demand in the field is still continuing, although the merchants are expected to be good in the afternoon, but the actual trading volume performance has not been a significant breakthrough, the raw material market conduction to the downstream terminal and is gradually accepted needs a certain cycle, the current market stability is dominated by wait-and-see sentiment.
The tight supply situation has not changed, the typhoon rainfall and flood disaster in many places in China may continue to September, affecting the operation of raw material production enterprises, and the safety production control of mines will be increased around October National Day, adding the emotional support of the Stockholders to sell to support the market, and the supply of market resources is limited; The cost continues to be strong, the domestic low-carbon environmental protection requirements to improve the input threshold of smelting enterprises, the recent summer power load peak and off-peak power consumption measures to some extent increased the production expenditure of enterprises, in addition, the epidemic prevention and control of large enterprises will also be included in the cost of the normal work; On the demand side, the weak pressure still exists. On the one hand, it is due to the psychological level of buyers' resistance to high raw materials, and more importantly, it is due to the epidemic's suppression of downstream terminal consumption. Although the economy and manufacturing industry are expected to continue to recover, the sales pressure of foreign trade enterprises caused by the rise of international shipping prices is still severe. Macro long-short factors are intertwined, mainly due to the impact of the epidemic and geopolitical risks on the international market economy is still a large uncertainty, such as the dollar policy fluctuations have a direct impact on inflation expectations and commodity prices, but also indirectly impact on the tungsten industry.
At present, the stable consolidation of tungsten concentrate market at about 114,000 yuan/ton, spot resources slightly relaxed, but the profit sentiment is not high; APT market is tested at the threshold of 170,000 yuan/ton, and the cost and demand pressure coexist. Under the game of spot negotiation, the market still refers to the long order quotation of large enterprises. The tungsten powder market is deadlocked at about 260 yuan/kg. The seller's intended price is relatively positive, but it is difficult to implement the transaction. The downstream alloy and product enterprises are mostly cautious and wait-and-see attitude, and the initiative of stock preparation is not high. The adjustment of tungsten iron price to 170,000 yuan/ton is mainly boosted by the favorable overseas market, the domestic steel export tax rebate and tax increase policy caused the overseas steel price to soar, the Russian ferroalloy export tax increase led to the reduction of overseas tungsten iron supply, and the demand for Chinese tungsten iron increased correspondingly.
Tungsten prices today
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