Tungsten market demand is not improved, guidance price is weak
2023-03-19 10:10:03
In the international market, the latest offer of the MB British Metal Herald on the evening of July 6 was generally flat, with only the tungsten iron Rotterdam being 51.5-52.5 (down 0.5) USD/kg tungsten, a slight decline. In the domestic market, the strong offer announced by the Tungsten Association, Jiangtung and Minmetals last week did not boost the market very well. Today, the tungsten market has not improved, and it is still exhausted. The demand of end consumers continues to be sluggish. There are very few transactions. The mainstream price of ferro-tungsten was temporarily flat compared with last week, and the 70-base is still concentrated at 1.95-19.8 million yuan/ton, but there are few transactions at present. The APT market continued to be quiet and the operation was slow. The external quotation of the manufacturers was firm at over RMB 190,000/ton, but the actual mainstream price of the market has fallen below RMB 190,000/ton, and there are few transactions. Due to the weakening of the raw material market and the weak downstream demand, the price of scrap tungsten steel was flat today, and the market fell slightly. The magnitude is not obvious. Fubao expects the mainstream price of the market to decline slightly. Fubao understands today that the Hebei market has sold one ton of domestic waste tungsten blades at a price of 176 yuan/kg. Macro news, food and non-food prices fell overall. In June, China's consumer price index CPI rose 2.2% year-on-year and 0.6% month-on-month; the refined oil price adjustment window opened on Wednesday, with a drop of 600 yuan/ton; industrial producers' PPI It fell 2.1% year-on-year and 0.7% month-on-month.
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