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(8.14) APT Transaction Blocked, Price Fell
This week, the tungsten market is still weak. Except for long orders, the overall transaction is less, and there are many factories and factories waiting to see, especially downstream enterprises, and there is still no confidence in the market.
Today's APT offer is 16.3-16.5 million yuan / ton, the manufacturers reflect that most of the long-term orders, bulk transactions are rarely traded, the downstream has not yet entered the market, 166,000 yuan is also difficult to deal.
A tungsten manufacturer in Jiangxi Province said that the tungsten ore market has shown signs of stabilization recently. The miners are reluctant to sell at low prices, which will gradually bring support to the downstream market. The APT price should be stable at more than 160,000 yuan.
A tungsten manufacturer in Yunnan said that the two days of buying more mines, but the price is low, the price of white tungsten above 60 degrees is 96,000 yuan, this price will not be shipped, or the price will rise to more than 100,000 yuan. Sell.
A tungsten manufacturer in Jiangxi said that the main downstream demand in the market is not good, and foreign prices are falling. Everyone has no confidence, but if the tungsten mine can stabilize first, it will bring support to the downstream market.
This week, the market will continue to be weak. Although the APT and powder markets are not performing well, prices will still fall, but attention should be paid to the changes in the tungsten market. If it stabilizes, it will also support the downstream market.