【CBC Monthly Review】Tungsten concentrate continued to rise in April
Release time:
2024-07-18
Author:
Source:
CBC Metal Network
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In April 2024, the average monthly price of China's scheelite concentrate (WO3≥65%) was 131423 yuan/ton, an increase of 5.20% from the previous month, and the mainstream price rose from 125,700-126,700 yuan/ton at the beginning of the month to 141,700-142,700 yuan/ton at the end of the month.
In April 2024, the average monthly price of China's wolframite concentrate (WO3≥65%) market was 132245 yuan/ton, up 5.43% from the previous month, and the mainstream price rose from 125,700-127,700 yuan/ton at the beginning of the month to 142,500-144,500 yuan/ton at the end of the month.
Synthesis:
The tungsten ore market continued to rise this month. Tungsten concentrate suppliers showed reluctance to sell, and quotations showed a continuous upward trend. In terms of downstream procurement, it is mainly based on rigid demand, but the actual number of transactions is still insufficient. Holders can't hold the goods, the reluctance to sell mentality to support the price increase, the quotation is firm and there are few concessions, and the market supply and demand situation is still tight. In the case that the procurement of raw materials is not easy to lock, the smelter production operation remains cautious. However, the new round of long-term orders and guidance quotations of large tungsten companies continued to rise, providing strong support and incentives for the steady upward trend of the market in the short term. Affected by this, the prices of downstream products have also been raised, and the confidence of suppliers in holding goods is stable and strong.
Forecast for the future:
At present, the tungsten market continues to rise, tungsten ore prices in the recent tungsten enterprise long order, environmental protection inspectors, alloy product prices and other news, driven by the news, continue to rise, holders of low willingness to be limited, the market transaction negotiations are cold, traders purchase inquiries are mainly based on on-demand procurement, the actual transaction performance is average, it is expected that the tungsten market in the later period will be cautious and wait-and-see, and pay more attention to a new round of institutions and large tungsten enterprises in the later period.
Long-term forecast:
The supply of tungsten raw materials market has been tight for a long time, and most of the manufacturers are willing to raise prices, while traders' procurement inquiries are mainly based on on-demand procurement, and the actual transaction is still based on on-demand procurement, and the transaction performance is relatively average. It is recommended to pay more attention to the new round of institutional and large-scale tungsten enterprise long list quotations in the later stage.
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