Tungsten raw materials are actively looking forward to rising downstream demand to be followed up

Transfer from China Tungsten Online (China Tungsten Industry Association)

 

Last week, the domestic tungsten price showed a solid and firm market overall. At the beginning of the week, the quotations of the two representatives of tungsten companies rose as expected, laying a positive attitude in the market, and policies such as environmental protection and power curtailment in the main production areas caused a certain degree of capacity and production costs for smelting enterprises. As a result, the raw material supply side and cost side will be supported by the bottom line.

 

The current market risk mainly comes from the situation of repeated international epidemics, and the tungsten industry is facing certain pressures on demand and capital. Near the end of the year, market trading was still dominated by cautious wait-and-see sentiment, the market was relatively stable, and the overall transaction performance was slightly weak.

 

In the tungsten concentrate market, the holders' quotations were priced at 88,000 yuan/ton, and high-level transactions were not obvious. In the near future, due to factors such as environmental protection, maintenance, power curtailment, and seasonality, tight raw material production capacity is expected to increase, and market confidence is fair. However, the follow-up of terminal demand is still relatively slow, downstream receiving goods are mostly negotiated on demand, and overall spot trading activity is limited.

 

In the APT market, the market trend is adjusted to 132,000 yuan/ton, and the cost of raw materials supports the market's positive sentiment. Near the end of the year, the smelter has not much load. The recent long-term quotations of large tungsten companies have further supported the market's confidence. However, the actual transaction price is still restricted by the demand side. Buyers are cautiously receiving the goods, and the market growth trend slows down.

 

In the tungsten powder market, spot quotations approached 205 yuan/kg, supported by upstream cost support and news of downstream alloy price increases, and merchants were relatively optimistic. As the demand side is still bearish under the international epidemic and economic and trade turmoil, the follow-up of real orders in the market is limited, and traders mainly wait and see and discuss sentiments.