The domestic tungsten price is temporarily stable, the pressure of global economic recession and the rhythm of repairing market demand are disturbed by the spread of the epidemic in many places in China, the purchasing sentiment of downstream end users is sluggish, the production resistance of manufacturers is obvious, and the short-term tungsten products market operation is still in a weak range, wait and see the progress of news updates and demand-side repairs after the month change.
In the tungsten concentrate market, there is a stalemate in spot trading, the stockholders seek shipments with a small profit, and buyers are cautious to access as needed. The sentiment is maintained at the bottom of the market, but the buyer's intention to sell is mainly recently, the market transaction negotiation is under pressure, and the 110,000 yuan/ton offer has not been completed. In the APT market, smelters are cautiously avoiding the risk of inversion. The recent downturn in downstream end customers has affected smelters' offers. The mainstream market focus is a stalemate at around 168,000 yuan/ton. Due to concerns about external uncertainties, the market's purchase and sales performance continued to be sluggish.
In the tungsten powder market, the destocking operation of powder and alloy units has increased. Due to the continued sluggishness of back-end consumption momentum, and more external uncertainties and risks that continue to shake the confidence in the market, spot trading in the market is mainly based on demand, which affects raw materials. The end atmosphere is under pressure, and the short-term tungsten powder market has consolidated at around 255 yuan/kg, and the real order negotiation has not yet improved significantly.
On the macro side, the International Energy Agency said that the world is in the "first real global energy crisis" and that the global energy market still needs energy from Russia to meet demand; rising global energy prices are driving food and services in many parts of the world. Soaring prices; continued high energy prices and supply shortages will be a persistent risk for Europeans as the northern hemisphere enters winter. China Tungsten Online believes that a series of reactions caused by the energy crisis, such as price hikes, inflation, economic and trade conflicts, and currency tightening, will be transmitted to the consumer market and impact the real economy. Against this background, the stable operation of the tungsten industry continues to face challenges.
