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(6.29) APT Market Low Consolidation

This  week, the APT market is weak and the market price will lose its support  after the Central Environmental Protection Inspectorate's departure. At  present, the volume of bulk orders in the market is mostly between  178,000 and 179,000/ton, which is 0.2 to 0.3 million/ton lower than last  week. Decline,  market confidence is difficult to boost, most smelters believe that the  market is difficult to stabilize, is likely to continue to go, but  fortunately, the current factory inventory is small, and there are more  than a single phenomenon, superimposed production increased, for  profitability considerations, the market Fall space is limited.

Today,  billion net APT quoted at 17.8-18 million / ton, scattered single  transaction price between 17.8-179,000 / ton, more than 180,000 basic no  one orders.

A  tungsten company in Jiangxi said that APT transactions in the market  were mostly around 178,000/ton, and the price was down compared with the  previous period. There are still dozens of tons of goods not delivered,  and the factory first handed over the long single.

Jiangxi  Tungsten said that it is now buying minerals for others to process, and  now it is not easy to do so. There are very few downstream purchases  and the demand is not enough. It is believed that the market price  should go down.

Demand  for downstream purchases continued to be sluggish this month, with  transactions shrinking significantly from the previous month. This  phenomenon is expected to continue until the beginning of next month. In  the short-term, the market will continue to be weak and prices will  tend to weaken.

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