As of September 30, the mainstream price of tungsten concentrate market has risen to 8.9-9.1 million yuan / ton, the market outlook is still obvious, compared with the price of about 5,000 yuan at the beginning of the month, an increase of about 5.8%, but also higher than the tungsten The price of the Concord Jiangtung Group in September was nearly 5,000 yuan. With the increase of tungsten concentrate, the products of the middle and lower reaches have increased, among which APT and tungsten carbide have risen rapidly.
According to the non-ferrous metal business community, the arrival of Jinjiuyin 10 has brought strong momentum to the tungsten market, especially in the terminal markets such as automobiles and oil wells. The demand for tungsten products has increased significantly, but the upstream raw material market of tungsten concentrates However, due to the rectification of the market and the reluctance of merchants to sell goods, the supply of tensions and the restrictions on multi-storage have become more intense with the continuous expansion of market demand in September. This contradiction is concentrated in the mid-stream and downstream products market, APT and Since the beginning of September, tungsten carbide has been in short supply, and has risen to a high price of 140,000/ton and 225 yuan/kg. The Hunan smelter said that the price of tungsten concentrate should rise again, and 100,000 is not difficult to achieve. However, the overall supply and demand pattern of the domestic tungsten mine market has not been broken by the price increase. The shortage of supply is still plaguing traders and downstream producers. Most of the mines still have more high-priced stocks, so the current price is still 囤The goods are mainly bullish, while the tungsten mine traders are also eager to buy tungsten mines while reluctant to sell.
In the international market, North American APT prices have risen to $233-238/tonne, up by $3/ton from last week, while tungsten-iron prices are rising, demand in North America and Europe is very strong, China APT quotes have been stopped.
Song Zhichao, an analyst at the non-ferrous metal business community, believes that the domestic tungsten ore market is in short supply. Although major mines and traders are dumping goods, due to the impact of national rectification and production restrictions, actual inventory is not optimistic, so in the future In a few months, tungsten concentrate will be more scarce, it is difficult to reverse the situation of short supply, coupled with the compression of export quotas, will further stimulate the price of the international tungsten concentrate market soaring, and the entire tungsten market will continue to be affected. The strong upward trend, it is expected that in the next month, the tungsten mine market is still expected to exceed 100,000 yuan / ton.
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