Negative news has a violent impact on tungsten market

       

Last week's tungsten market - prices were steady but still in a slump. Affected by the summer holiday and weakened demand, although zhang yuan quoted a price to the market at the beginning of this week, the news that pan Asia APT stock was released as a result of the second instance judgment of pan Asia constantly affected the sentiment of the tungsten market. The operation of the whole tungsten market was a little cautious, and the price was weak. Environmental inspection did not drive the industry's expectations, back-end demand is still the main force to suppress the price of tungsten.

Tungsten

Prices remained above 70,000, unchanged from last week. Industry insiders predict that the current mine production has been sharply reduced due to the mine production reduction and floods in hunan, jiangxi and other places, with the initial forecast of production reduction of more than 20%. Mine output reduction has become the industry consensus, including the miners have been reluctant to sell tungsten sand has emerged. But this can not change the fact that the base of tungsten inventory is still large, the preliminary estimate, the tungsten inventory cost is generally more than 90 thousand this gear. Therefore, the mining enterprise's selling and later prayer is particularly urgent. Money pressure is still a factor affecting mine prices.

Powder

Powder prices are stable. The general price is 175-180 yuan/kg. At present, the back-end alloy market procurement is mainly supported by order filling, which is really a rigid demand. The inquiry of orders is mainly from "old customers", so the powder market is extremely calm.

Price for tungsten carbide in the early stages of the visible 170 yuan/kg, in the near term has been difficult to see.

In the alloy companies own orders did not increase, continue to look weak market prices, powder enterprises or still to "drink porridge" to live.

Tungsten iron

The price of tungsten and iron has been on the decline this week. The price of 80 iron has reached 137-140,000, and 133,000 (70 iron) have been sold in the market. But also because of the stability of the price of iron ore, iron works with low orders. Overall, the demand for tungsten iron is still not large, small volume of transactions as support.

To sum up, the recent trend of tungsten market is likely to be mainly stable, with insufficient impetus for price upward, uncertain factors and risks still existing. In most smelting enterprises' waiting and waiting, cautious operation plays a leading role.

The current tungsten market is like this, some potential negative news before the rumors, how will it be a violent impact on tungsten market? Perhaps the industry is only talking, when the negative news out, perhaps for the tungsten market is good.