Tungsten copper alloy market subdued trading today, the price temporarily flat, stable at 141000-144000 yuan / ton, the mainstream market this week, the market is still weak.
Now the market outlook is bearish for some businesses, that is likely to fall below 1.8 degrees / million, ie 137 thousand yuan / ton. Major support of this view are: First, the downstream demand remained weak, the market traded subdued; Second Minmetals beginning from July 24 is not purchased, has been going on three weeks, and now also in June-July of goods Minmetals pulled another warehouse. In weak downstream demand, large enterprises without purchasing and storage case, tungsten ore will show the recent market weakness.
However, according to research to understand, now with the increase in wages, increase investment in environmental protection, mine production of tungsten concentrate production costs per ton of nearly $ 1.3 million / ton, some of the low-grade tungsten ore miner procurement purification process concentrates production cost have nearly 11 million / ton, which is also as low-grade ore price volatility and fluctuations. Therefore, we analysis, supported by the high cost of tungsten, the tungsten decline will not be great.
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