Tungsten--not weak in off-season

       Following the large-scale production suspension of mines and smelters, the tungsten market should have entered a quiet period. However, due to the bullishness of the mining trade on the post-holiday market, the price of ore continues to rise, and the prices of ore and APT in the bulk market are going up and down. It can be said that the off-season is not short.



The price of 55-degree wolframite has reached 90,000 yuan. After a small volume of 89,000 yuan/ton, the price of the ore was pushed up again, and the difficulty coefficient of transactions below 90,000 continued to increase. The 60-degree tungsten ore price has reached 92,000 yuan/ton. Coincidentally, the price of APT is 138,000 yuan/ton, which is a relatively concentrated transaction price. Although the current market recognizes the price of 137,000-137,000 yuan, yesterday’s price of 138,000 yuan is heard. Later, the price of APT also rushed towards the price of 139,000-14 thousand. At the moment when raw material quotations continue to rise, powder companies are saturated with production, and most of them do not take orders for orders of less than 5 tons. When the orders are full, they really should say "not closing the Spring Festival". The demand for ferro tungsten can be clearly felt, and the situation of tight cargo prices has not eased before the holiday. The price of 70 iron is generally close to 145,000 yuan/ton.



The price of the external disk has increased. Although the price of ferro tungsten is still US$31-33/kg, which is close to the domestic iron price, the price of APT’s US$245-250/ton is slightly higher than the domestic price. Yesterday, the price of "MB" APT The FOB price was reported at US$248-254/ton per ton, a slight increase. Inquiries and demand can be seen in the external market, especially in Japan, and Europe and the United States are still slowly recovering from the epidemic.

The high rise before the holiday has low inventories related to the operation of traders, and more importantly, the optimistic view of the market after the holiday. After the Spring Festival, mines are mostly preparing for production after the Lantern Festival, and the two sessions and epidemic prevention will more or less affect production, and the shipment of mines may be delayed. Whether the repeated epidemic has an impact on production after the holiday, whether there is a post-holiday stocking for centralized procurement, whether there is a demand for low stocks in Europe and the United States after the production is resumed.