Tungsten Concentrate Price Unexpected Goes Up

Author: yisainuo   Time: 2024/12/26

Since the price of tungsten concentrate and ammonium paratungstate hit the bottom of 60,000RMB/ton, it stopped falling and went up slightly last week.  The change in the market is faster than expected, and most enterprises thought the market would turn better at the end of August.  During the Slack season, the market operation is reduced.  However, working capital on the market starts to flow, and some enterprises also start positive operations.

 

Tungsten concentrate and APT price go up 1,000RMB/ton.  The inquiry of the tungsten concentrate market is getting active.  Companies in Hunan and Jiangxi collecting concentrate actively, resulting in the market's scarcity of products.
 
Most enterprises desire that the price of tungsten concentrate would stay stable as long as it can cover the manufacturing cost.  When the tungsten concentrate price slumps to 19,000.00RMB/ton within a month, it forecasts the rebound of the price.  Although this may conform to nowadays marketing rhythm, tungsten-concentrated enterprises keep an unsold attitude with the price decrease.  Plus entry of a marketing trade fund, the price of tungsten concentrate goes up reasonably.

 

Nowadays prompt goods are rare in the market, tungsten mines and trade hold seldom spot goods, and manufacturers find it difficult to purchase tungsten concentrate.

 

The rising price of tungsten products is unavoidable, and some enterprises as if weakening from the dream start to look for stock goods. But it is really difficult to purchase tungsten concentrate. Some manufacturer even stops to quote under the big change of the market. They are afraid of lacking raw materials.

 

The flow of the tungsten market goes against the manufacturer's operation. However, after going through several fluctuations of up and down, manufacturers gradually realize the trading skills and the importance of replenishment and clearing of stock. Profit remains only a few after it is pressed by the flow of price.

 

If the market is changing, then enterprises should follow the step even faster, or someday it will result in a big loss for the company.


TAG:  tungsten price


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