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First, the domestic market 
1. Tungsten concentrate
    Domestic tungsten concentrates were flat this week. As of now, the mainstream price of 65-degree black tungsten concentrate in Zhangzhou and Hunan is concentrated at 13-13.3 million yuan/ton, and the mainstream price of white tungsten concentrate market is concentrated at 129-132 million yuan. /Ton.
    Last week, the tungsten mine market fell, and Minmetals released the second price in May, and the black tungsten concentrate was 138,000 yuan/ton, which made many merchants' mentality stabilize. In fact, the market has indeed achieved certain stability and continued to This week. Although the downstream smelting products have been falling, the market transactions have always maintained only a low volume of transactions, but the tungsten ore market price has always adhered to the 130,000 line, showing that the licensed miners are relatively optimistic about the market outlook. However, there are also very few companies with excessive pressure on funds to sell at a reduced price. It is reported that the lowest price in the market can reach 128,000 yuan / ton.
    According to the analysis, this week's last week of May, the enthusiasm of the tungsten ore market is not high. In general, there is basically no willingness to adjust the price of the merchants. The wait-and-see atmosphere is more obvious, and the market feedback is more than the number of inquiries. The transaction is mainly based on low prices. Fubao expects that the tungsten market will continue to hold steady operations next week before the guidance price is announced in June. 
    This week, the price of ferro-tungsten has stopped rising and falling. As of now, the mainstream prices of 70-base market in Ningbo and Hunan have been maintained at 183.186 million yuan/ton, down by 3,000 yuan/ton from last week's price; and the mainstream price of 80-base market Maintained at 1.92-1195 yuan / ton, compared with last week, the price fell by 2,000 yuan / ton. The main reason for the decline in the price of ferro-tungsten this week was that demand was not good, manufacturers were difficult to take orders, and some production companies resumed production and increased market competition. Many of the low-priced offers directly lowered the overall price of tungsten iron. Overall, tungsten The iron market basically continued the chaos of last week. There is a reaction from the merchants. At the current price, the ferro-tungsten is still in an upside down situation, and it is difficult to have a big turnaround in the short term. It is expected that the price of ferro-tungsten will stabilize mainly next week.
3. Tungsten Chemical
    This week, the market price of ammonium tungstate (APT) dropped at a high level, and the decline was large. So far, the mainstream prices in Hunan and other places have been concentrated at 1.9-192 million yuan/ton, down 5,000 yuan/ton from last week. The APT price fluctuated greatly this week, and analyzed the reasons: First, the weak influence of the raw material market, and second, its “valuable market-free†situation is difficult to sustain. In the case of weak transaction, the offer is lowered. Third, some manufacturers need to put the stock in moderation. The cash out of the market, from time to time low prices to lower the market price, there is another important reason, that is, APT's rise in the past period is too fast, "virtual high", "bubble" ingredients are very strong, so this week's decline is also more fierce. It is expected that the APT market price will remain around 192,000 next week, with narrow range fluctuations.
    This week, the market for sodium tungstate was relatively stable. Up to now, the mainstream price of domestic 96% sodium tungstate market has remained at 13.6-14 million yuan / ton, and the price was unchanged from last week. Objectively speaking, the actual demand for sodium tungstate is still weak, and downstream pigments, textiles and other enterprises have not actively consulted purchases. On the contrary, some traders are interested and have orders. However, as the price of scrap is lower, its production cost may decrease. It is expected that sodium tungstate will stabilize or weaken next week.
4, tungsten products
    The tungsten product market fell slightly this week. At present, the mainstream trading price of medium-grain tungsten powder is concentrated at 295-297 yuan/kg, and tungsten carbide is 293-295 yuan/kg, down 2-3 yuan/kg from last week. Due to the high turnover, the merchants have to lower their prices. However, under the support of high raw material costs such as tungsten ore, the price decline is still limited, and the market has stabilized.
    This week, the prices of tungsten rods, tungsten rods and tungsten electrodes have been steadily decreasing. At present, the mainstream price of steel-making tungsten strips is concentrated between 310-320 yuan/kg, which is about 15 yuan/kg lower than last week; the drawing tungsten strip is 360-370 yuan/kg, about 35 yuan/kg; 99.98% tungsten strips offer It is still maintained at around 500 yuan/kg; the mainstream trading price of tungsten electrode polished rods is concentrated at 460-470 yuan/kg. It is expected that the market for tungsten products will continue to operate steadily next week.
5, waste tungsten
    This week, the scrap tungsten steel market fell slightly. At present, the domestically purchased scrap tungsten blade does not include the mainstream purchase price of 170-173 yuan/kg; the imported blade is 179-182 yuan/kg, which is 1 yuan/kg lower than last week; the waste tungsten drill bit is 190-193 yuan/kg, which is stable. The waste tungsten block is 210-213 yuan/kg, which is about 2 yuan/kg lower than last week. The overall transaction price began to move closer to the low level, and the high price gradually disappeared.
    The price of scrap tungsten has also begun to fall. At present, the mainstream purchase price of grinding materials with a W content of 70 degrees or more is 1.75-1.8 yuan/degree, 50-70 degrees 1.6-1.75 yuan/degree; 30-40 degrees, 1.4-1.5 yuan/degree; 3-10 degrees, 0.2. -0.8 yuan / kWh, the overall decline of 0.1 yuan / kWh compared with last week. As the current tungsten market decline is not obvious, the price of scrap tungsten in the previous period has not increased significantly, so the merchants are not willing to cut prices. It is expected that the market will stabilize mainly next week.
Second, the international market
    This week, overseas tungsten prices continued to rise slightly. According to the May quotation on May 29, the price of tungsten iron Rotterdam was 47.5-48.5 US dollars/kg, which was 0.5 US dollars higher than the low price on the 24th. The price of Hong Kong was 53-55 US dollars/kg, and the price was flat. APT Hong Kong offers 375-383 US dollars / ton, Europe continues to maintain between 355-365 US dollars / ton. The international real economy gradually recovered, the impact of the European debt crisis weakened, market demand began to improve, steel mill demand began to pick up, and it is expected that overseas tungsten prices will remain stable and rising next week. 
    At present, the domestic steel market is in an accelerated decline stage. The contradiction between supply and demand is very serious. Some steel mills have chosen to reduce production and stop production, and the demand for raw materials such as ferroalloys continues to decrease. Next week, at the beginning of June, the guidance price of Minmetals, Jiangxiang and other institutions will be introduced again. The industry expects the tungsten guidance price to remain stable. In view of the current downturn in downstream demand and lack of support for price increases, it is expected that the domestic tungsten mine market will continue in the next week. Steady operation, the price of tungsten chemical and tungsten products that have risen in the early stage may continue to be weakly adjusted.
Tungsten Weekly Review: Raw material tungsten ore stabilized downstream products
Abstract Core Tip: This week, the domestic tungsten market began to fall. Among them, ammonium paratungstate fell the most, reaching 5,000 yuan / ton; followed by tungsten iron fell 3,000 yuan / ton; tungsten powder and tungsten carbide fell 2,000 yuan / ton; waste tungsten steel fell about 1 yuan / kg; tungsten concentrate and sodium tungstate Wait for the mainstream to maintain...
Core Tip : This week, the domestic tungsten market began to fall. Among them, ammonium paratungstate fell the most, reaching 5,000 yuan / ton; followed by tungsten iron fell 3,000 yuan / ton; tungsten powder and tungsten carbide fell 2,000 yuan / ton; waste tungsten steel fell about 1 yuan / kg; tungsten concentrate and sodium tungstate The mainstream remains stable. Overseas ferro-tungsten supply is still tight, and although prices continue to rise, the gains have slowed. The price of domestic ammonium paratungstate began to stabilize.