Tungsten City: Increased capital pressure at the end of the month or increased sales of low-priced goods

In the international market, European small metal prices continued to remain stable. At present, the APT price is 430-435 US dollars / ton, tungsten iron 53-55 US dollars / kg, the demand situation is not changed. In the domestic market, the domestic tungsten market price continued to fall. At present, the tungsten concentrate market is temporarily stable, and the resistance continues to increase gradually; the APT market still has certain inventory pressure. The current mainstream price is concentrated at 16.8-17.2 million yuan/ton, and there is still some downside in the later period. At present, the overall downstream demand is still very low, the transaction is difficult to increase, and the pressure on merchants is gradually increasing. Coupled with the end of the month, the pressure on the payment may cause some merchants to drop the goods at a low price. It is expected that the short-term tungsten market price will continue to be chaotic.

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