Last week, the market was in a standoff, and the prices of major tungsten prices were largely unchanged, but most are priced out of the market, environmental protection "look back" still linger, smelters in jiangxi province have stopped production, and there's a lot of discontinued production of sodium tungsten in the jiangsu region, environmental protection has had a great influence for the whole industry chain, among them, the APT output has the biggest impact, which makes the tungsten sales appear obstacles, and the cold and clear end demand also makes the market overall consumption not good, so the market supply and demand both sides is as light as a feather.
Tungsten market is not rising momentum, miners at the start of the week were largely on the sidelines and reluctant to sell, because of the profit space compression, the high cost of mine production, and the price difference between APT and other reasons, the shipment mentality of tungsten miners has weakened, nd even if there is a willingness to ship, there is no downstream willingness to connect, in the second half of this week, the market price is more stable, but some manufacturers are less reluctant to sel, mainly because of the second quarter in the final stages, along with small Dragon Boat Festival holiday will come, some manufacturers have some pressure on cash. Plus smelter construction period is more and more close, many miners also worry that the price is difficult to support, there is an increase in the number of manufacturers who actively sell goods, but the downstream interest is still not high, the seller also did not sell the goods at a low price, so the market volume is small.
APT market is high, there's not enough momentum on the price, manufacturers offer remains above 180000 yuan/ton, the market also around this price clinch a deal, but the market price clinch a deal have difficulty, downstream manufacturers sufficient inventory has no intention, and trong sense of risk aversion do not dare to make up the orde, in fact, the prices of APT have reached a larger degree of risk, it is normal for fear to intensify.
Since June, the production of smelters have increased again, few smelters to normal production of ganzhou region, almost all shut down, so, the supply of APT further reduce , if manufacturers can also consume inventory last month, then this month, inventory has been depleted, many of the factories that can produce are occupied by long orders, there is a limited supply of goods in circulation in the market, so APT price has the possibility of falling down with inflated price, but not much further negative. And at present, the deadline for the resumption of production is still not completely determined, several smelters said that the start of production may be around the 20th, but this is only expected, not certain.
Review, last week the market was a bit too steady, the market supply and demand both sides is very scarce, most manufacturers still hold wait-and-see attitude, environmental protection check remains an uncertainty factor, small long holiday is over, whether there will be smelter to resume production needs to be concerned, if the smelter production will start smoothly, so the supply shortage of APT to get some relief, but because there are production cycle, so will not immediately ease, plus the old order, the supply of APT is still will be tight, but that does not mean the market will be indifferent, because smelters to resume production this matter itself is an influential factors to the market, We will not rule out the possibility of the manufacturer releasing the goods at that time.
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