Peasants plant vegetable beans. Before flowering, they can be used reasonably
Brake effective, supply tightening
At the end of may this year, China tungsten industry association launched an initiative: control production capacity, reduce production, rational sales, and jointly maintain supply order. According to the official website of China tungsten industry association, the annual production of tungsten concentrate of the participating enterprises accounts for 86% of the total output of China tungsten association.
In June, many APT smelting enterprises in Ganzhou unanimously agreed to stop production or reduce production from June for no less than 15 days and no less than 30% of the monthly production.
The price of tungsten thus stopped falling, and the supply pattern of the whole market also changed quietly.
In early August, Ganzhou city high Wan Yi tungsten industry association secretary general said on a conference call in citic securities, according to the on-the-spot investigation, tungsten enterprises most APT inventory has less than a month, and with the increase of mining depth, mining grade, mining costs increase, the current price of tungsten has already reached the bottom, for up to six months time, prices will rebound.
"We will sign a procurement framework agreement with the upstream raw material suppliers every year, but we will not agree on the price, only the supply quantity, and the price will change according to the market situation." A listed tungsten company told reporters, "but recently, there has been a change, that is, the amount of goods taken by suppliers is small, there is a feeling of holding on to the goods."
