On the last working day of this week, the tungsten market as a whole remained stable. In the case of raw materials and consumption competing with each other, several points next week need to be paid attention to in advance.

First: Large-scale tungsten enterprises' long-term purchase pricing in the second half of May

Large-scale tungsten companies are more cautious, because in addition to domestic trade, the export business situation is different. Therefore, when the prices of raw materials are positively maintained, large-scale tungsten companies still maintain relatively conservative operations. Next Monday and Wednesday, two large-scale tungsten companies have signed long-term purchase orders for the second half of the month. Facing the recent rise in prices, what kind of guidance will the new round of pricing bring to the market?

Second: Sales pricing for large smelters

When raw materials are difficult to purchase and high-priced sales are hindered, APT companies are not motivated to purchase and sell. This week, most smelters quoted 125,000 yuan / ton externally. Most of the purchasers were private tungsten powder companies, and the purchase price reached 12.4 -125,000 yuan / ton, but traders suspend purchases for more than 120,000 yuan.

Next week, a large APT company in Henan will also re-open the quotation and pay attention to the transaction.

Third: Pricing of tungsten powder products

There is a certain lag in the price adjustment of tungsten powder products. The increase in raw materials has reached 5-6 thousand / ton. This week, the tungsten powder products have been raised by 2 yuan / kg. Next week, we will pay attention to whether mainstream tungsten powder companies have the willingness to further adjust their prices.

Fourth: Transaction situation of tungsten concentrate

This price increase is basically driven by the raw material side. Tungsten mines ca n’t be rushed out, traders say they are out of stock, smelters say it ’s difficult to buy, so where did the goods go? In addition to the normal purchases by the smelters, social capital intervention has also greatly eased the mine ’s financial pressure, but in the end Only the production enterprise can digest it, and it must be circulated to the production enterprise in the later period. You can see what price the hot money buys, but it is difficult to predict what price you can come up with.

  To sum up:

The current global economy is facing challenges. The balance between the short-term epidemic situation and the economic restart has made public sentiment uncertain. The terminal industry involved in tungsten is slowly recovering. The impact this year can be seen. Although the price of tungsten has risen recently, but now This is by no means an optimistic time, and when the differences between the raw material side and the demand side will reach a relatively moderate stage, let us "combat and watch" next week.