I. The Tungsten Concentrate Market Is in an Intensified Game

At present, tungsten concentrate holders have an increasing willingness to stabilize the market, buyers find it difficult to purchase at low prices and holders are unwilling to sell at lower prices. Downstream production enterprises are gradually depleting their high priced inventory, and their willingness to replenish has increased. Trading is relatively active compared to the previous period, and the game between buyers and sellers is becoming increasingly intense.

II. The APT Enterprises' Willingness to Purchase Has Increased

At present, APT production enterprises have increased the batch purchase of raw materials, and the trading is relatively active compared with the previous period. There are few inquiries in the bulk cargo market, the willingness of enterprises to bottom out is enhanced, and the game wait-and-see atmosphere in the market is strong.

III. The Price of Tungsten Powder Will Need to Wait for Some Time to Adjust

With the continuous reduction of raw material prices, taking the current 50-55 degree tungsten concentrate as an example, the mainstream quotation of traders is 127,000 yuan/ton. However, due to the relationship between production costs and cycles, the price of powder enterprises is still at a certain high level, and the price of tungsten powder will need some time to adjust.

IV.The Overall Performance of the Tungsten Scrap Market Is Calm

The quotations for different scrap products in various regions are relatively flat, with no significant fluctuations; The recent continuous adjustment of quotations has put the market in a consolidation state. It is recommended to operate cautiously in the near future and pay attention to the trading direction of scrap and related derivatives.

V.The Demand of Ferrotungsten Market Is Average

With the approaching long-term order quotes from the last two major factories of this month and the continuous downward adjustment of raw material prices, although the activity of the scrap market has increased, the downstream demand in the market is still weak, and the wait-and-see attitude is serious. Enterprises are basically purchasing on demand.