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[ferro-alloys.com] At the beginning of the week, offers of tungsten products are stable, black tungsten concentrate 65% is mainly quoted at RMB 78,000 to RMB 79,000/MT, white tungsten concentrate 65% is mainly quoted at RMB 77,000 to RMB 78,000/MT; APT is mainly quoted at RMB 120,000 to RMB 123,000/MT, cash including VAT; tungsten power is mainly quoted at RMB 194 to RMB 196/MT, cash including VAT; Ferro tungsten 70% is mainly quoted at RMB 123,000 to RMB 125,000/MT.
Cautious and prudent emotion of buyers is still relatively strong, and willingness of actual purchase and placing an order is weak. Overall operation difficulty of enterprise increases, especially the enterprises face the double pressure of higher price of the raw material, and its sales and delivery not being smooth, and have to operate conservatively to avoid the hang upside delivery in the late period.
Because XTC may issues long order enquiry for APT today again, resulting in slow of tungsten powder plants’ purchase pace of APT, and conclusion are difficult to emerge in offers around RMB 122,000 of APT. So, part smelting plant of APT worries about the weak tendency in later market, and has a low willingness of purchasing the raw material of tungsten concentrate, resulting that the speed of circulation of spot goods of tungsten raw material market in China slows down, and tendency of market in the future is still not clear.
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- [Editor:Wang Linyan]
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