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A new round of listed tungsten long-list quotation is flat, giving the market a signal of stability. At present, the market is still in a state of high spot prices and difficult to sell at low prices. In the short term, it is still difficult for the downstream industry to restore demand. Under the pressure of raw material cost, the enthusiasm of factory production and low-level shipment is generally poor, and the market is conferred between suppliers and demanders. As prices are difficult to fluctuate, the industry is concerned about the implementation of environmental protection supervision policies, pan-Asian inventory flows, Sino-US trade negotiations and other information. Domestic tungsten prices have remained stable as a whole, with intertwined multi-empty news and insufficient momentum for industry adjustment.



According to the news, last week Zhangyuan Tungsten Industry announced a long single quotation for the second half of August 2019: wolframite concentrate (WO3 (> 55%) of 68.5 million yuan per ton, Scheelite Concentrate (WO3 (> 55%) of 67 million yuan per ton, ammonium paratungstate (national standard zero level) of 108.5 million yuan per ton, which are equal to the long single quotation for the first half of August 2019. (The above price includes 98% cash and 2% acceptance).



At present, the relevant departments of the state have not yet issued specific measures such as shutdown and production restriction, but the market has strong expectations of large-scale production restriction before the National Day, which may aggravate the difficulty of releasing the upstream tungsten spot and promote tungsten price adjustment.



In terms of panasia stocks, following the auction of antimony and rare earth products involved in panasia last week, the focus of the tungsten market is on the whereabouts of the 431.95 tons of tungsten involved in panasia and 29,651 tons of ammonium paratungstate, worrying that the weak balance between industry supply and demand cannot well absorb the impact of panasia stocks. Has operator said, however, because of the involved inventory volume is larger, and low market price, the market at present is expected pan-asian tungsten products involved at once into the market is unlikely, but as the disposal scheme, market risk and fears or will gradually be digested, the industry adjustment and building bottom rebound is really good.

Wococarbide

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