Tungsten Market Daily Review: Market sentiment dominates the future direction

       Tungsten and Molybdenum Cloud Merchant News on April 27, 2022:

The weak adjustment of the tungsten market continued, the negative and positive factors coexisted in the market, and the differences were highlighted.

Market:

In the tungsten concentrate market, the current mainstream bargaining level of 55-60% is 1.63 yuan/kg excluding tax. Holders have a strong wait-and-see attitude, and downstream purchases are cautious and on-demand.

In the APT market, yesterday's bulk cargo transaction was around 178,000 yuan/ton. Buyers were not willing to accept the goods, and the game between buyers and sellers continued.

In the tungsten powder market, the production schedule of production enterprises is maintained for about a month, the order delivery is done step by step, and the raw material procurement is based on demand.

Terminal market: The epidemic has increased the depth of adjustment in the terminal market.

According to data from the China Construction Machinery Industry Association, in March 2022, a total of 37,085 excavation machinery products of various types were sold, a year-on-year decrease of 53.1%. Among them, the domestic market sales volume was 26,556 units, a year-on-year decrease of 63.6%; the export sales volume was 10,529 units, a year-on-year increase of 73.5%.

In summary:

The sluggish demand continues to drag down the confidence of the tungsten market. The trend of the domestic epidemic in May is unclear, and the tungsten market has failed to reach the bottom. We will continue to wait for a clear trend in the new month.