In addition, tungsten products turnover rate increased. Seeing the stable or slightly rising tungsten prices, some processing enterprises start the moderate replenishment. Crude tungsten ore procurement price is RMB 1.16/kg. And APT ceiling price is RMB 127,000/ton.

 

Tight tungsten concentrate supply and downstream insipid demand are contradictory. Although processing enterprises and trade enterprises have stocking behavior after tungsten price increased in the last week, it is still puzzled for enterprises held a calm view that the demand of downstream market remains flat.

 

Today, another important factor is that a large Fujian tungsten enterprise issued this week's APT prices for long term order. last week the company and Ganzhou Tungsten Industry Association both issued guidance prices with a calm attitude. Prices are expected to rise slightly this week.

 

Comprehensive analysis

It is difficult to change the tight supply situation of tungsten raw material, and downstream enterprises will still be limited to passive materials. The rising and falling trend of tungsten price will slow down. Long order’s price of large enterprises has great effect, and tungsten enterprises need to make a good and long-term plan.