Slow recovery of demand in Europe will be affected by the price of tungsten or support

Tungsten is known as the "industrial teeth" or "industrial salt ", was widely used in the defense industry , aerospace , oil exploration equipment and other industries. As an important strategy for the scarcity of non-renewable resources and industrial relations with tungsten national economic lifelines and national security . However , in recent years due to the mining of tungsten lack of strict regulation, private mining indiscriminate digging serious, resulting in ore supply and ammonium paratungstate (APT) and other relative surplus situation in the inventory pressure and liquidity pressures , supplier sale, resulting in tungsten prices continued to decline. As of May 14 , APT ( Chinese ) market price has dropped to 16.6-16.8 yuan / ton.

Recently , in the Chinese tungsten market downturn situation , the European city came signs of a slow recovery of tungsten , offer twice higher. APT Europe MB5 April 9 :365 -375 is priced at $ / metric ton , up $ 7 / t degrees. It is understood that the recent price increase was mainly affected by seasonal stocking in Europe . As in previous years of experience in foreign markets generally begin in mid- May under a single exercise alone , then asked in June before the summer break to deliver the goods to the European warehouse. In addition, this year's export volume to analyze raw materials inventory and European markets is not sufficient . I expected purchase volume purchases before the summer break the European market will increase, prices will support the maintenance of stability .

From Pan-Asian index, from January APT prices remain stable, less affected by the impact of the spot market prices .

Pan-Asian non-ferrous metal exchanges through advanced e-commerce model transform traditional industries , to enhance the value chain of the Chinese rare , and thus to improve the domestic investment demand, the existing pricing model through a lot of real , transparent transaction data , more accurate the price discovery , realize the true value of scarce resources. Furthermore, Pan-Asian exchanges are being formed in the non-ferrous globally unique influence Rare pricing center . Meanwhile, the Pan Asia to assist state purchasing and storage of commercial purchasing and storage mode to achieve the purpose of protecting national strategic resources.


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