原料供应偏紧 惜售挺价延续

"The tungsten ore market is experiencing a strong sentiment of holding sales and supporting prices." 
    Currently, traders generally adhere to the mentality of holding back and supporting prices, resulting in a slight upward shift in the market bargaining range. The price of bulk tungsten ore with a specification of 55-60 degrees is hovering around 269,000 yuan/metric ton or higher. Traders report that it is difficult to procure at low prices, and although the current quotation is high, the overall transaction volume remains relatively low. Therefore, the transaction volume needs to be confirmed. 
    【Intensified price competition in the APT market】 
    The APT market is experiencing intensified price competition. Under the upward trend in prices in the bulk cargo market, the consensus among relevant parties regarding future price increases is gradually strengthening. With this consensus, the bulk cargo market has seen a significant unilateral increase in quotations. However, downstream enterprises have limited acceptance of the current high prices, and market transactions remain sluggish. Prices have not been translated into actual large-scale transactions. Close attention should be paid to the subsequent rigid replenishment demand of downstream enterprises. The current bulk cargo bargaining range is between 396,000 and 400,000 yuan/ton. 
    "The price center of tungsten powder products remains high" 
    Currently, the price center of tungsten powder remains high, and the upward trend of APT raw material prices provides strong cost support for tungsten powder products. The actual transaction center has slightly shifted upwards, but no significant adjustment has been observed. Currently, the mainstream bargaining ranges for medium-grained tungsten carbide powder and tungsten powder are maintained around 590-600 yuan/kg and 605-615 yuan/kg respectively. Tungsten powder suppliers' willingness to offer discounts during sales has weakened, and their optimistic expectations for subsequent price trends have increased. Low-priced resources in the market are gradually depleting, and market transactions are pending follow-up actions. 
    [International tungsten market prices have seen a slight increase] 
    The international tungsten market has seen a price increase, with market sentiment showing a divergence of upstream price support and downstream wait-and-see attitudes. This upward trend is primarily driven by tight global supply, growing demand from emerging industries, and increased demand for strategic reserves, coupled with the tight supply of tungsten mines overseas, leading to a decline in tungsten production in places like Australia and Canada. In the future, prices are expected to remain volatile at high levels, and in the medium to long term, the tight balance between supply and demand is unlikely to change due to resource shortages and demand growth. However, it is necessary to be vigilant about the risks of policy adjustments and slowing demand. 
    "The stalemate in the tungsten material market continues." 
    The current tungsten material market is in a stalemate phase of supply and demand game. Policy constraints on the supply side and import supplementation form a hedge, while the high-end burst on the demand side and traditional weakness continue to tug at each other, jointly maintaining the market's deadlock. The slight increase in raw material prices has failed to break the deadlock, but instead, due to differences in interpretation of market signals between upstream and downstream, it has further exacerbated the stratified game of "upstream holding prices, midstream waiting and seeing, and downstream being cautious".  
    "Tungsten scrap market experiences narrow range fluctuations" 
    The current tungsten scrap market is experiencing narrow fluctuations, with spot prices fluctuating within a narrow range. Trading activity at both ends of the supply and demand chain has slightly increased compared to yesterday, but market participants remain cautious, mainly engaging in tentative quotations and purchases, and a clear price trend has not yet emerged. 
  
    Amidst the tight supply of tungsten ore at the raw material end and the constrained production capacity of smelting plants, the supply shortage at the raw material end is unlikely to be effectively alleviated in the short term. Looking at the short-term market trend, the current stalemate in the market may persist. The subsequent procurement situation of rigid demand from downstream enterprises and the release of long-term orders in the second half of the month are expected to provide key guidance for market direction.