(5.23) Analysis of Tungsten City: Supply of APT remains insufficient Tungsten market stalemate
This week's market conditions began with a high level of stalemate. Market supply and demand are tight at both ends, especially as APT, which is an intermediate supply material, is still in short supply. In this case, APT prices have remained at a high level, but The higher the price is, the higher the risk is. It means that the manufacturers' view on the market has also changed and the purchase has become very cautious. Therefore, the actual market volume is not large.
The domestic tungsten ore market remained weak and the market was still very light. The 65-degree black tungsten was 111,000 tons/ton, and there were fewer transactions available for reference. Since some smelters in the Ganzhou region are still shutting down, there is no room for the consumption of tungsten concentrates. The smelter stocks are relatively abundant, so the willingness to purchase is not strong, the miners are blocked from shipping, and low-priced shipments have no profit, and even if The downward adjustment of prices may not be able to sell. In the event that circulation is hindered and the profit margins are narrowed, the intention of the miners to start shipping also begins to weaken.
The APT market is high and stale. The supply of goods in the market, especially the spot supply is still tight, and the price has risen to the threshold of 180,000 yuan per ton. Breakthrough difficulty has increased, and the cessation of smelter production in the Ganzhou region still brings greater support to prices. It is understood that At present, except for normal production at the smelters in Dayu and Chongyi, most of the smelters in Ganzhou are still shutting down. The market supply is insufficient and the back-end demand is not strong. As the prices become higher and higher, buyers are worried. Also increased, so the purchase began to be cautious, will not enter the market a large number of inquiries in the short term, the market will still be the main high-end stalemate.
Tungsten powder market maintained high, the original tungsten carbide powder offer 276-280 yuan / kg, the manufacturers offer basically reached 280 yuan / kg, but the price of the mark seems difficult to break through, the last time the price of tungsten carbide powder exceeded 280 yuan / kg It also dates back to September last year, but at that time, the price did not stay too much at 280 yuan/kg, and the price began to fall back after only maintaining the price for a week or so. However, the adjustment of powder prices was more gradual and moderate, although the transaction was not More, but the price can still be maintained for some time. The back-end alloy factory orders are general, there is not much ups and downs, powder prices are still maintained by the APT in the short term, at least so far have not received support from the demand side.
In summary, tungsten ore shipments have been significantly reduced this week, and the market trend has slowed down significantly. The price increase has thus far been at a relatively high level in the past two years. Therefore, manufacturers will not risk taking too many operations, and the market will maintain this high level of stalemate. The start-up of regional smelters is still the main factor affecting the market.