Although the tungsten market is currently consolidating and declining, it is expected that consumption will continue to flourish in September of the Ming Dynasty
2023/9/1
The four leading manufacturers of construction machinery, including XCMG Machinery, Sany Heavy Industry, Zoomlion Heavy Technology, and Liugong, performed unevenly in the first half of the year. Among them, Zoomlion Heavy Industry and Liugong achieved a "double growth" in revenue and net profit, while XCMG Machinery experienced a "double decline" in revenue and net profit, while Sany Heavy Industry experienced a slight decrease in revenue but a significant increase in net profit.
Tungsten powder: Medium particle tungsten carbide powder is around 270 yuan/kg, and tungsten powder is around 274 yuan/kg. Upstream prices have reached their peak, and ore holders are hesitant to quote, with consolidation being the main focus. The powder market price has not undergone significant changes as a result. According to feedback from enterprises, there are few inquiries and the actual transaction price is slightly lower. Will the prices move from high-speed to medium speed next week to maintain stable operation? Let's wait and see if the long-term unit price falls next month.
Waste tungsten: The price excluding tax for waste tungsten grinding material with a Wo ≥ 90% specification is between 1.68-1.7 yuan/degree. The mainstream quotation is around 1.7 yuan/person, and the goods in the waste market are scarce, and many traders are unwilling to sell at low prices. The actual transaction psychological price remains high. Downstream manufacturers of sodium tungstate are in short supply of raw materials, and due to high prices reported by traders, market transactions are difficult, with demand being the main demand. It is also necessary to pay attention to the long-term quotation of large enterprises and observe whether there are new quotations in the market.
Hard alloy: The market demand for hard alloy has not improved significantly, and attention needs to be paid to the next long order quotation in terms of raw materials. The dominant position in the alloy market is consumption. Although the demand in the alloy market is not clear and has not improved as expected, tomorrow will usher in September. Observe the trend of September.
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