Mosten Alloy Co., Ltd.

Leading Supplier of Molybdenum and Tungsten
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Mosten Alloy Co., Ltd.

The reduction of production is not less than 10%. In the back of the rare-earth explosion, the highly-linked resource small variety of colored tungsten also burst into a strong and good shape

  • Mosten
  • 05 Jul

In the first quarter of this year, the price of the tungsten market rebounded slightly, and the price of the international tungsten market remained stable, but after April, it was adversely affected by the lack of confidence in the tungsten market, the market expectation and the disturbance of excess capacity, which led to the adverse reaction of the market, and the supply and demand of the tungsten market were weak. The domestic market occasionally has a cash transaction which is offset from the mainstream price of the market, and the price is slightly lower, and the economic benefit of the industry is lower. The production of tungsten concentrate abroad continues to be steady, and the inventory is still in a low position, and is affected by the decline of the grade of the tungsten resource, the rising of the mining cost, the increase of the safety and environmental protection pressure and the like, and the condition of the domestic tungsten raw material supply is not changed. Industry insiders point out that the non-ferrous metal enterprise confidence index, after three quarters of continuous reading, has a warming situation in the first quarter of this year, the new order quantity, the production quantity and the raw material purchasing quantity index are higher than the critical value, the non-ferrous metal market is getting warm and the confidence is improved. The steady growth of high-tech manufacturing and equipment manufacturing, infrastructure construction and civil investment will continue to drive the demand for tungsten, and the fundamentals of the tungsten market have not changed much. With the industry undefined cut in production and the structural reforms in the supply side of the tungsten industry, it is expected to push up the price of tungsten. On the other hand, under the drive of the market rare-earth plate, there is a high-mobility tungsten concept, and it is also expected to follow the wind.

Tags :
tungsten