What does the transition economy data say on tungsten price?

       Statistics of machine tool industry association: from January to may, the cumulative operating income of China's machine tool industry decreased by 1.0% year on year, the cumulative total profit decreased by 22.2% year on year, and the deficit increased by 3.7 percentage points compared with the same period last year. The revenue of main business decreased by 16.4% year on year, and the profitability of all sub-industries generally decreased year on year. The new orders of metal processing machine tools decreased by 37.1% year on year, and the orders in hand decreased by 14.7% year on year.

Saic produced 2.8573 million vehicles in the first half of this year, down 20.8 percent from the same period last year. A total of 2.937,300 vehicles were sold, down 16.62% year on year. Meanwhile, guangxi reported 730,400 vehicles in the first five months of this year, down 28.19% year on year. Another: British car production plunged 24 percent in April, the biggest drop since 1995, according to the latest figures from the UK statistics department.

As we all know, automobile is the machine that changes the world and the engine that drives the national economy forward. The automobile industry has a long chain and many in-depth fields. Since the decline of its production and sales has widened, the domestic manufacturing industry has always been under the line of boom and slump. In this case, alloy, machine tools and other industries difficult out of difficulties, tungsten price demand, orders are difficult to increase, the price has been expected to slow down substantially.

This week, the price of tungsten products fell sharply again. The mine price dropped below the 70,000 mark. The market did not see any real orders, but the price was always low.

In terms of tungsten concentrate: with prices falling near the 67-72, 000 level this weekend, there are plenty of lower deals to be heard, but the actual tonnage and buyers are confusing the industry. Only heard the price did not see the enterprise's situation has occurred more than half a month.

In terms of APT: this weekend, the price fell to 108-113,000 yuan. Most smelters denied that the minimum price of 104,000 yuan was sold, and the generally accepted price was around 105,000 yuan. Although most smelters stop production, production limits, but the market supply is still sufficient.

In terms of Powder: the price dropped to 180 yuan/kg this weekend, with the price of tungsten carbide at 178-184 yuan/kg and medium-grain tungsten powder at 184-190 yuan/kg. Powder enterprise operating rate continues to weaken, in the face of inquiries more than price, so that the powder prices continue to reduce.

Tungsten and iron: operation on demand, mostly to old customers long single trading, loose single trading is rare. 70 iron prices began around the 140,000 mark, enterprise production enthusiasm is not high.

Generally speaking, the current tungsten market is facing the weakening influence of the domestic and foreign environment, and the market expectation is getting lower and lower. In the market with weak demand at the back end, the supply of goods in the market is still abundant, no matter it is reduced or limited, the solution is only time. Although the current low season in the traditional sense has entered, the price has been below the cost line at this time, the production and sales pressure of enterprises has increased sharply, and the willingness to stabilize is strong. Is it appropriate to replenish goods at low prices?