Tungsten prices rose market risk savings

       Domestic tungsten goods prices rose sharply yesterday, tungsten raw materials supply shortage to continue to mobilize business prices, but the terminal market is not buy it, tungsten market transactions actually sluggish, carbide industry profits suffered the most squeeze.

      This year, high-intensity environmental policy has been forcing many mining enterprises, tungsten ore supply is difficult, holding goods to cover their goods, the downstream purchase more difficult, thus tungsten industry chain as a whole shrouded in the supply side continued to shrink Hype atmosphere. At present, 65% black tungsten concentrate market price has been high to 112,000 yuan / ton, compared to the beginning of 7.4 million / ton price increase has accumulated over 50%.

      In addition, volume and price of the export data is also hot for the hot tungsten market fueled. According to customs data show that from January to July this year, China's total exports of tungsten 17486.25 tons, an increase of 45.63%. At the same time, as of August 18, London, "Metal Herald" European APT offer $ 256 / ton, the year rose 36.89%.

      Export data to show good is the recovery of international demand, while exacerbating tensions in the domestic tungsten. But under the influence of the off-season effect, the domestic demand has not yet significantly recovered, but also in the high cost of raw materials brought under the pressure, the downstream market inquiry intention weakened, the market transactions are still small. In this context, close to the consumer terminal of the alloy companies can not follow up the raw material side of the soaring prices.

      On the whole, the domestic tungsten prices still have upside, but at the same time the market risk is also constantly saving, in order to maintain the healthy and stable operation of the market, the tungsten online market participants to keep cautious attitude, do not blindly follow the trend.