Today's Tungsten Market Quotes

This week, domestic tungsten prices basically showed a stalemate and stabilized the market, not only in the focus of spot negotiations, but also in the new round of long-term quotations from large tungsten companies. According to the news, Zhangyuan Tungsten’s long-term quotation (13% value-added tax) in the second half of May 2021 is: wolframite concentrate (WO3≥55%) 95,000 yuan/standard ton, scheelite concentrate (WO3≥55%) ) 93,500 yuan per standard ton, ammonium paratungstate (national standard zero grade) 145,500 yuan per ton, both are the same as the previous round of quotations. The reason why there is no obvious fluctuation in the tungsten market is due to the game situation of the fundamentals of supply and demand. The raw material side is waiting to see the goods, the economy is recovering and the inflation expectations are relatively positive. The negative impact is still there, and the atmosphere of the inquiries in the venue is general. Psychological expectations of the upstream and downstream of the industrial chain are divergent. Intermediate traders are mainly aware of risk aversion. The recent market trading atmosphere revolves around rigid demand, and it is difficult to increase the volume of transactions. Wait and see specific directional news enters the market.