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(6.29) APT Market Low Consolidation
This week, the APT market is weak and the market price will lose its support after the Central Environmental Protection Inspectorate's departure. At present, the volume of bulk orders in the market is mostly between 178,000 and 179,000/ton, which is 0.2 to 0.3 million/ton lower than last week. Decline, market confidence is difficult to boost, most smelters believe that the market is difficult to stabilize, is likely to continue to go, but fortunately, the current factory inventory is small, and there are more than a single phenomenon, superimposed production increased, for profitability considerations, the market Fall space is limited.
Today, billion net APT quoted at 17.8-18 million / ton, scattered single transaction price between 17.8-179,000 / ton, more than 180,000 basic no one orders.
A tungsten company in Jiangxi said that APT transactions in the market were mostly around 178,000/ton, and the price was down compared with the previous period. There are still dozens of tons of goods not delivered, and the factory first handed over the long single.
Jiangxi Tungsten said that it is now buying minerals for others to process, and now it is not easy to do so. There are very few downstream purchases and the demand is not enough. It is believed that the market price should go down.
Demand for downstream purchases continued to be sluggish this month, with transactions shrinking significantly from the previous month. This phenomenon is expected to continue until the beginning of next month. In the short-term, the market will continue to be weak and prices will tend to weaken.