20230518 Tungsten & Molybdenum Market Quotes
May 18, 2023 Tungsten Market Situation The tungsten price is stable for the time being, market participants are cautiously watching the fundamental situation, although there are some shipments of cash sentiment at the raw material end, but the overall willingness to let the price is not high, the downstream users are cautious to receive goods on demand for the continuation of the state, there is no clear good news guidance at the demand side for the time being. Tungsten products prices basically maintain a weak and stable operation in the short term, market trading is cautious, the transaction negotiation more bargaining. Tungsten concentrate quotations remain at a high level of 121,000 yuan/ton, and the spot transaction status is stagnant. APT quotation is stagnant at 180,000 yuan/ton mark, the businessmen’s gaming mentality has no obvious fluctuation for the time being, generally follow the line to maintain stability, the downstream users are less willing to take orders at high levels, the market transaction performance is under pressure, caution to avoid the risk of inversion. Tungsten powder prices are stagnant at about 276 yuan / kg, the center of gravity of the bargaining trade is relatively loose, mainly by the industry chain upstream...
2023-06-26
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