Tungsten price trend changes Tungsten concentrate spot purchasing more difficult
Release time:
2021-11-12 11:01
Source:
Spot market turnover continues to be sluggish, the end of the year rhythm is also becoming more and more dense, depending on the raw material enterprises turned the tide, the terminal processing enterprises are still calm as usual, the procurement demand is always at a low level. The end of the year financial problems will soon appear, although the initial research from the market, most of the stockholding enterprises are optimistic about the market after the Spring Festival, but there will still be some bulk goods will flow to the market.
Tungsten concentrate and APT and other raw materials enterprises have always been with the downstream enterprises game, oversupply, raw materials market-led price increases are often due to individual enterprises to slacken and collapse. At present, after the raw material price hike power subsides, the mainstream smelters began to contract tungsten concentrate purchase price to control costs, a little earlier 1.02-1.03 high-priced gross ore purchasing price has fallen back to less than 1 yuan / kg, the market is still difficult to collect the spot, smelters have cost pressures, tungsten ore holders have a bullish outlook. Concerned about the tungsten concentrate market, Jiangxi and Hunan have become the two main positions, from the tungsten concentrate production, Jiangxi's tungsten concentrate exceeds Hunan's tungsten concentrate by about 15,000 standard tons. But from the trade volume, the circulation of Hunan region is larger than Jiangxi region, and the main tungsten concentrate in Hunan region eventually flows to smelters in Jiangxi region. tungsten concentrate price and APT price affect each other, when the price rises, tungsten concentrate pulls APT price, and when the price falls, APT affects the price of tungsten concentrate. the mainstream smelters in the APT market are still in the mainstream smelters' cash offer at 110,000 yuan/ton, and some enterprises purchasing enterprises have made a purchase request of 109,000 yuan/ton to smelting enterprises, but smelters did not agree for the time being considering that tungsten concentrate spot is still more difficult to purchase. In the order of tungstic acid and other raw materials, there have been enterprises with 109,000 yuan/ton spot transaction.
Forecast tungsten price trend has changed, from the current point of view, tungsten price decline space is not big, the market turnover is also lower, but there is no obvious favorable factors, tungsten market is still slow and weak.
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