Tungsten Market Quotes for September 7, 2024
Release time:
2024-09-28
This week, tungsten prices showed a sideways trend as a whole. On the one hand, under the continuous game situation of supply and demand in the industrial chain, the market has limited room for ups and downs. After the negative cycle since September, the willingness to lower prices has gradually decreased. On the other hand, due to the recent macro-control measures at home and abroad, the liquidity of market funds and investor sentiment have been activated, and the sentiment of tungsten raw materials has been strengthened. However, due to the lack of effective market demand and the risk of weak economic recovery, market transaction confidence is limited. The price of 65% black tungsten concentrate is temporarily stable at around 137000 yuan/standard ton, the market resource supply situation is still tight, downstream purchasing still has bargaining price, and on-site transaction negotiations continue to play. Ammonium paratungstate (APT) price consolidation in 204000 yuan/ton, market capacity plan and real demand status does not match, smelter profit margins are still under pressure, trading stalemate on demand. The price of tungsten powder remains around 308 yuan/kg, while the price of tungsten carbide powder is around 303 yuan/kg. The macro news has not been directly fed back to the consumption performance of the alloy end. Recently, the wait-and-see sentiment in the market has accounted for a lot, and the offer has been mixed. 70 tungsten iron price stalemate in 208000 yuan/ton, tungsten raw material supply and steel market consumption performance are limited, the industry continues to wait and see the industry chain game, the market with the market. Waste tungsten market stabilization sentiment increased, the holder of goods resources slightly tight, before the National Day downstream terminal purchase stock volume is limited, the market long and short confidence differences, the recent horizontal negotiations mainly.
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