March 28, 2017

The difference in prices between tungsten carbide powder market is reduced

This week because the tungsten tungsten enterprises sell limited production, the overall stabilization, many mines have raised the price, but acceptance is not too high, the scarcity of transactions, are the basic orders after the procurement of raw materials will have to buy some, so you want to continue to rebound to the downstream demand. The APT is now less than eighty thousand of the transaction, basically in the more than 8.2, more than 83 thousand yuan / ton, but also because the price of tungsten concentrate had to adjust the price, while smelting manufacturers also have a willingness to price. Thetungsten carbide powdermarket because of the limited downstream order not much demand, but still want the price to upgrade, so now the price temporarily stabilized, or to maintain the original level, did not increase to 140 yuan / kg. But it is no longer difficult to continue to decline in the past few weeks the price can remain stable, has been compared to the previous decline in the situation began to improve, as the follow-up depends on the specific supply and demand.

 

On Monday, the dollar index rose 0.3% to $99.82, less than a mere $12 from its March high of just over $1%. Now it seems that the Fed's interest rate hike in December FOMC meeting, the market seems to have reached a consensus. However, the pace of follow-up will be much faster, the market is still controversial. Fed officials have repeatedly said that the magnitude and pace of interest rate will depend on the data. The United States chief economist Jan Hatzius and his team Goldman announced at the weekend report, the United States will be described as experiencing "turtle speed recovery" (tortoise recovery), but they expect the Fed will raise interest rates next year a total of 100 basis points, or "every quarter of an interest rate increase".

 

The continued strengthening of the dollar, exacerbated by the oversupply of metal market concerns, coupled with the impact of weak demand in China, metal prices fell to multi-year lows. LME copper fell 2% to $4462 a tonne, close to its lowest level in more than six years. Aluminum prices also fell 1.3% to $1447 per ton. Nickel prices fell 4.9% to $8340 per ton, after hitting a record low for the past 12 years. COMEX traded gold fell $8 to $1067 an ounce, hovering at its lowest level since February 2010.

 

This year is the tungsten industry preferential policy, launched the cancellation of export duties, clearing fees fund, reduce electricity policy, it can be said now for national enterprises preferential policies is gradually increased, so although the tungsten industry in the winter period, but with the national policy support, the economic environment of the industry to pick up, the future must be bright.

 

For more details visit our website at www.wococarbide.com

Posted by: hannahgwendolyn at 09:23 AM | No Comments | Add Comment
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