Guidance Price sharply lowered August Tungsten Price or continued downward
August 7, the domestic tungsten city in August the first round of long unit price, Ganzhou tungsten association forecast average price and large tungsten enterprise long unit price both showed a sharp decline. Industry insiders said the August guidance price cut sharply, coupled with the traditional off-season, demand is difficult to improve, the price of tungsten in the market is still the following behavior. Guide price cut sharply August 7, the domestic tungsten city in August the first round of long unit price out. In terms of the average price forecast of Ganzhou Tungsten Association, wolframite concentrate is 101000 yuan / ton, down 8000 yuan / ton from July, ammonium paratungstate (APT) 165000 yuan / ton, 10 million yuan / ton lower than July, and 265yuan / kg of medium-sized tungsten powder. It fell 13 yuan / kg from July. Zhang Yuan tungsten industry in the first half of August long single price and Xiamen tungsten industry in August the first APT long single cash price drop in varying degrees. On August 7, more than 65 percent of wolframite concentrates were quoted at an average price of 103000 yuan per tonne, down 2000 yuan / ton from the previous day. Apt quoted 167500 yuan / ton on August 7, 3000 yuan / ton lower than the previous day, according to Baichuan. Baichuan Information analysts said that in recent days, the overall continuation of domestic tungsten prices are mainly weak finishing, in August tungsten enterprises long single price came out, and if expected to be downgraded, indicating that the overall market situation is still shrouded in short atmosphere, demand is weak. Transactions are not smooth, traders are under pressure, bidding to seek shipping mood more. In the tungsten concentrate market, high temperature and rainy weather, as well as the impact of the low atmosphere on the demand side, shippersundefined shipping pressure is still high, mentality is still generally pessimistic, downstream factories are worried about the future market, the reserve stock is cautious and slow, and the market purchase and sale stalemate. The transaction remained light, tungsten concentrate remained weak at the bottom, and the price was adjusted to 100000 yuan per ton. On the apt market, poor demand at the end of the market made the factoryundefineds output slow, but production activity was more active than it had been before. Factory mentality pressure, quotation is still loose, the current market APT price has generally fallen below the 170000 yuan / ton threshold. After the market tungsten prices are still weakened by the off-season impact, July domestic tungsten prices continue to weaken the overall market. APT fell 3.5 percent in July, while wolframite concentrates fell 4.7 percent, according to data from Baichuan. Baichuan Information believes that July is a traditional off-season, affected by the summer high temperature and Meiyu weather, the downstream factory start-up rate is low, the consumption of raw materials is limited, the enthusiasm to enter the market is weak; At the same time, the APT smelter resumes construction, the raw material spot resource supply gradually tends to loose, but lacks the downstream demand side cooperation, the market order quantity lags behind, the supply and demand pressure becomes more and more prominent; In addition, the market trading atmosphere is cool, and Ganzhou tungsten association forecast in July average price and listed tungsten enterprise long-order price overall downgrade, coupled with capital pressure performance, shippers to build a stable base is still weak. For the trend of tungsten prices in August, industry sources said that August is still a traditional consumption season, the foreign market is also in summer rest period, the consumption power has not significantly improved, the market can choose a wide range of, buyers have a strong bargaining power, Price pressure is difficult to improve, so it is still mainly downward. However, some people in the industry believe that demand in the middle and last half of August can basically recover slowly, while in the early stage most manufacturers mainly digest inventories, and after stocks reach a low level, the action of filling up positions on a short basis will form a boost to the market. Combined with the end of the summer break in Europe in September, consumption is expected to increase significantly compared with June-July, and prices will be boosted.
