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.
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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