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Tungsten market analysis: supply and demand both weak, market transaction deadlock
   Hits:   UpdateTime:2018/5/25 15:51:11
Keyword:tungsten
Elan Website Press:

  Most of the market situation is mainly deadlock in this week . During the previous two weeks when the price of APT and tungsten powder went up, the downstream manufacturers more or less replenished their stocks, and the tungsten miners also sold some stocks in the process. Therefore, there was not much transaction in the bulk goods market except for long orders. Both ends of the market supply and demand are in a light state, the price of mainstream tungsten products is basically stable, manufacturers are still mostly wait-and-see mentality.

  The domestic tungsten mine market is weak this week, the miners cheap shipment intend reduce obviously, wait-and-see mood is aggravating, different from the first two weeks, miners' reluctance to sell has increased, the main reason is that the smelting plant in ganzhou are less working and the inventory is saturated, even if tungsten is sold at a lower price, it will not have any effect, so the manufacturer will no longer sell goods. In addition, the narrowing of profit space is also an important reason for tungsten miners not to ship. Moreover, the mentality of the manufacturer has changed. There will be some imbalance for the miners if the price of APT is high and tungsten concentrate is low . At present, the trading price of 60-degree tungsten ore is about 109,000 / ton, while the price of black-tungsten standard ore is about 110000-110,000 / ton.

  APT market high stalemate, little volume, after two weeks of rising, most enterprises have prepared some stocks, approach of manufacturers to reduce procurement, coupled with the current price is higher, the downstream purchasers are cautious. Smelters have resumed production in jiangxi province this week, but the production factory are outside ganzhou city, ganzhou city area of smelting plant still can't normal work, so the supply of APT still has a gap, so also support price stability, so the market to sell the goods is limited, and the manufacturer want to buy also is limited, so the deal more limited in the short term, but as long as clinch a deal, Spot prices are generally more than 180,000 yuan/t, a small amount of high prices have driven up the average market price.

  Tungsten powder market remain high, native tungsten carbide powder price 278-280 yuan/kg, manufacturers offer basic it for 280 yuan/kg, but the price is also a difficult to break through barriers, last time break through the price is in September last year, but time is not long, such high prices make buyers cautious, most people follow the market, in the short term, the market is on the fence, and it shouldn't be active,from the ealloy factory knows, the order situation of the alloy is general, especially in the second half of the year, which makes the manufacturer worried.

  Overview, end of this week, the market movements smooth, tungsten concentrate has stabilized, APT growth slowdown, the market still rely on environmental protection check limit production support, It is unknown when the smelting plant in ganzhou will start operation, but from the feedback of the factory, as early as it might be to early June, individual manufacturer is likely to be by the middle of June, so in the short term the market supply and demand will be very few, high market stalemate.

  Exclusive writing by comelan, reprint must investigate!

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