The domestic tungsten price continues to stalemate, and there is no news update on the market supply and demand side. Primary products stick to the bottom line of cost, and the recent intention to stabilize the market has increased; new orders for cemented carbide and its downstream consumer companies are limited, and the enthusiasm for raw material consumption is not high. The tungsten market The overall trading mentality is deadlocked, and the market is running in a narrow range. The recent epidemic situation in various places is still severe, which brings obvious pressure on the circulation of the tungsten market.
The price of tungsten concentrate is at a stalemate at around 109,000 yuan/ton, and it is difficult to see transactions at high offers, and the intention to sell goods at low prices is not high.
The price of APT is consolidating at about 166,000 yuan/ton. With the increase of the bottoming atmosphere at the raw material end, the smelters' intention to stabilize the market also increases. The market bargaining and negotiation are cautious, and we will wait and see the long-term quotations of large tungsten enterprises. The price of tungsten powder is stalemate around 252 yuan/kg, the market demand pressure remains, traders are less active in buying and selling, and the market is unlikely to fluctuate.
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At the beginning of the week, the overall market of domestic molybdenum market was still good, mainly due to the fact that the reserve inventory of molybdenum raw materials was small, the current demand for downstream molybdenum product users was large, and the international molybdenum market was heating up. At the beginning of the week, the domestic rare earth market as a whole showed a general upward pattern. Under the mutual influence of long and short factors, the consumer market gradually shifted from a buyer's market to a seller's market, but the actual transaction volume did not increase significantly. The main reasons for the increased confidence of suppliers in raising prices are: supported by production costs and the continuous decline in rare earth prices in the early stage, the holders are forced to increase their sense of profit.
