Jun 26, 2019
Today’s tungsten market
This week, domestic tungsten prices continued to be weak and stagnation, and the market fundamentals recovery expectations did not alleviate the current market demand and capital pressure. The mainstream tungsten product trading price continued to approach the cost line, looking for opportunities to bottom out.
Recently, the China Tungsten Association member companies have successively issued production reduction initiatives, which have released favorable signals for the repair of supply and demand in the industry. In addition, the rare earths that are the strategic resources of China's advantageous strategic resources under the discussion of Sino-US trade disputes have driven the linkage effect of price increase. Investors' confidence in the market for tungsten resources was boosted, and tungsten concept stocks strengthened.
Overall, from the supply and demand and the multi-faceted funds, the confidence of the tungsten spot market is difficult to repair, the traders' purchase and purchase plan is sluggish, and the seller's market is in a passive side in the real-time transaction. The tungsten market is difficult to stabilize. Explore the product cost line position, pay attention to domestic policy, international trade talks, and supply and demand recovery after smelting enterprises reduce production.
Today's molybdenum market
In the molybdenum concentrate market, the spot resources as a whole are still in a tight state, but the sales price of molybdenum concentrate in the new round of mainstream mining areas has dropped, alleviating the pressure of the downstream factories, and the holders have some loose expectations for the market outlook. On the molybdenum market, enterprises have weak expectations for steel lending and cost level adjustment. The factory production activities are still around the need and low inventory. The market is cautious and wait-and-see, and the spot transaction volume is limited.
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