APT prices weaker, thinly traded

This week the domestic market of tungsten chemical APT weaker, low-cost emerging market prices for the mainstream 21.7-21.9 yuan / ton, fell slightly. It is understood that the spot market volume was light, the transaction price and more concentrated in 217,000 yuan / ton of cash, some manufacturers are still 225,000 yuan / ton offer, but it is difficult transaction or payment cycle is relatively long.
Mainly because of continued weakness in demand APT: one Minmetals and other large enterprises are currently no tungsten carbide inserts acquired on the market, the lack of this favorable support; hand end demand is sluggish, APT factory-order, strict control of raw material procurement, production control out, many manufacturers now are not the largest capacity.　According to our investigations, holding the goods, it is now on the market there are also some lower-cost sources of supply, a few months ago Stockpiling, Production, but for now weak market, the business is not willing to sell, temporary fence; tungsten mine traders, affected by financial constraints, the current sourcing or procurement not too much, because money is likely to have also loaned; downstream tungsten smelting enterprises, weak end demand, tungsten smelting enterprises in strict accordance with the order production, control inventory, procurement of raw materials tungsten ore is very cautious. We expect today and tomorrow, tungsten ore market mainstream stable.