The latest economic data in the first quarter of China show that China's economic growth reached 6.4% in the first quarter, exceeding expectations, especially investment, consumption and export. In the first quarter, investment in fixed assets increased by 6.3%, consumption by 8.3% and export by 6.7%. From a large perspective, China's economy is improving in superposition, and a series of big policies, such as "six stability" policy, counter-cyclical adjustment policy, reducing the value-added tax rate of manufacturing industry, adding 1.39 trillion yuan of local financial debt limit, have been launched one after another, which has stimulated the vitality of the overall real economy, and the medium and long-term economic recovery may be more stable.
At the same time, tungsten market is hesitating and slowly climbing in the game of supply and demand, price, environmental protection and other factors.
This week, the tungsten mine market price has slightly decreased, mainly bulk market energy ore price transaction price trend to about 93.5 million/ton (55-60 degrees). But overall, the tungsten ore market is still feeling tight. Of course, the purchase of back-end smelters is not much, but it is generally reflected that low-cost mines are really very, very few and difficult to buy. Mining enterprises for the current market and price are mostly waiting, waiting and bidding, for mining enterprises, 1.29-1.31 yuan per tonne of sand sold, under this price can not receive incoming goods, so can only wait and see.
This week, APT market price is stable, stable and stable, the mainstream price is 147-150,000/ton. The start-up and industrial release of the whole smelter are affected by the price and demand. Back-end purchasing and replenishment are not strong, demand is still dominated by small purchasing, replenishment of downstream enterprises is cautious, and their general short-sightedness on the later price trend makes the purchase of APT still prudent. Prudence is the chief consideration.
In the powder market this week, the price of saw continues to increase. The price of tungsten powder with medium grain is beginning to look at 230 yuan/kg, but there are still 236 yuan/kg cases in the market. The price of tungsten carbide powder is generally 227-228 yuan/kg. The pessimistic sentiment of powder enterprises is strong, and the purchase of raw materials is not active. Old orders are reflected by powder enterprises under multi-frequency and small volume transactions, and the volume of transactions is also beginning to shrink.
In the period of the whole tungsten industry chain stalemate and weak market, the scrap market also declined in varying degrees. The price of recycled tungsten carbide began to look at the price of 170-180 yuan/kg. The demand situation of the back end was not optimistic in the short term, and the transaction price began to increase.
Under the condition that the order and demand are not obviously favorable, the enterprises in the middle of tungsten industry chain are more and more difficult. So far, when the market bargaining space is not large, it is not advisable to beat the market at a low price when the demand is not clear.
From the standpoint of current mineral price, APT and powder enterprises are difficult to operate. It does not rule out that tungsten price will come back slightly in the second quarter, but the range may not be particularly large. Prices may rise slightly or be stable. Current environmental supervision has set off another "environmental storm" which will not affect the tungsten market as much as the same period last year, but will play a weak role in curbing the price decline. It will take time for the economic improvement to be transferred to the tungsten industry and the front end of the tungsten industry chain.
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