Rational Guidance Price, Tungsten Market: Out Of Stock

Ganzhou Tungsten Industry Association domestic tungsten forecast price of July image

Yesterday, Ganzhou Tungsten Industry Association announced the domestic tungsten forecast price of July.

It showed that 65% black tungsten concentrates is RMB 81,500/ton, falling RMB 500/ton compare to last month. And the price of APT is RMB 12.5/ton, raising RMB 1000/ton compares to last month. The price of medium grain tungsten powder is RMB 200/kg, falling RMB 5/kg.
 
This week the opening of tungsten price as well as the market price rebounded. Tungsten concentrate and APT products are in short of supply, under the influence of costs and weather. Earlier a large enterprise in Fujian also gave conservative guide prices. The purpose of rational guide prices that Ganzhou Tungsten Association offered is to maintain market stability this month, as well as production enterprises’  normal procurement.
 
The passion of Tungsten market has not declined. The replenishment trade acts actively, but becomes more and more difficult. And plus the strong procurement demand of downstream smelting enterprises, the enquiry price of high grade wolframite reached RMB 83,000/ton, and the enquiri price of white tungsten reached RMB 81,000/ton. Yesterday the smelter purchased low grade scheelite transaction at the price of RMB 78,000/ton.
 
At present, the smelting market is also short in supply. There are two smelters discontinued for various reasons, directly causing the market gap of two hundred tons a week. Yesterday the smelters’ confidence was further enhanced. Considering the current spot market, relying on the price of RMB 126,000/ton has been difficult to get the goods, and even some high turnover reached RMB 127,000/ton of cash, smelter sellers will only sell goods after consider the procurement of raw materials.
 
Comprehensive analysis
The dull market is becoming warmer, institutions and a few large enterprises provide conservative and prudent price of tungsten products. In essence, as the market cherishes the goods and shows great passion in purchasing, unbalanced situation between supply and demand appeared in a short time. Parties looking from the market perspective, tungsten price at present still has the upward momentum.

 

 

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