Today's tungsten market situation
Domestic tungsten prices are running steadily, the market year-end wait-and-see atmosphere is getting stronger and stronger every day, after the release of conservative signals by large enterprises, there is no news update in the field, the raw material end remains low and the market sentiment is mainly based on sales, paying attention to the news related to the epidemic and environmental protection, the downstream terminals maintain cautious purchase sentiment, the manufacturer's stocking work is gradually completed, coupled with the impact of the return of funds at the end of the year, the interest in receiving high-level raw materials is not high, and the overall trading of the recent tungsten market tends to be flat.
Tungsten concentrate price stalemate at 111,000 yuan / ton position, the market high transaction is weak, because miners face relatively limited capital pressure, and consider environmental protection, inflation and other factors caused by cost pressure, the holder is more reluctant to let the price negotiate, short-term trading stalemate.
APT price consolidation at the 170,000 yuan / ton mark, smelters with the market intention is higher, but the downstream user demand performance is general, close to Christmas and New Year's Day holiday, domestic and foreign market consumption is gradually flat, few new orders in the field, spot trading more negotiations.
The price of tungsten powder is tentative to 260 yuan / kg, and the confidence in the exchange is general, on the one hand, due to the increase in the cost pressure of the raw material market, the negotiation space of participants is reduced; on the other hand, due to the shrinking demand for factory stockpiling, the mood of high replenishment is weakened. The market spot transaction performance is light, waiting and seeing the consumption of the alloy end and the product price increase cycle.
Today's molybdenum market
The overall center of gravity of domestic molybdenum prices has not changed significantly, affected by long-short factors, the seller's market occupies a greater advantage, mainly reflected in the supplier's strong sense of reluctance to sell and the transaction price is acceptable.
Molybdenum concentrate market, supply and demand side is relatively balanced, affected by environmental protection high pressure, cold tide, coal power supply tension and epidemic rebound and other factors, some molybdenum mining enterprises production is obviously difficult, coupled with the previous large increase, the current molybdenum concentrate spot inventory is less, but the downstream users receive the general sentiment.
Molybdenum ferro-iron market, the market is acceptable, although the low-price supply is difficult to mine and crude steel production restriction policy still exists, but due to the approaching holidays and the upcoming monthly impact, there are still some steel companies willing to enter the bidding, and the bidding price is acceptable, the current industry is focusing on the situation of steel bidding in the next week.
Molybdenum chemical and its products market, the overall maintenance of sideways operation, supported by the firm price of raw materials, the willingness of holders to let the price is generally low, but due to the rigid demand situation of end customers is difficult to change and the international molybdenum market is tepid, so the transaction needs to be improved.
News: worldsteel data shows that global crude steel production in November 2021 decreased by 9.9% year-on-year to 143.3 million tonnes, a decrease of 2.7 million tonnes month-on-month, and an average daily output increase of 67,000 tonnes; of which China's crude steel production in November was 69.3 million tonnes, down 22% year-on-year.
Today's rare earth market
The domestic rare earth market as a whole maintains a high level of consolidation operation, under the influence of many uncertain factors, many traders are slightly hesitant to enter the market, mainly reflected in the rare earth price is difficult to rise and fall, spot liquidity is general and the future market is unclear.
From the perspective of favorable factors, first, affected by factors such as improved environmental protection requirements, poor climate environment and insufficient supply of coal power, some rare earth smelting and separation enterprises enter the maintenance state in advance, which is the main reason for the difficulty of increasing the supply of rare earth raw materials; the second is the rapid development of new energy vehicles and wind power industries, which plays a role in boosting the demand for permanent magnet materials, which is conducive to supplier quotations.
From the perspective of negative factors, one is that near the end of the year, funds are tight, so the downstream users are more cautious in purchasing, resulting in slow order growth; second, the current price of rare earth raw materials is not low, resulting in consumers fearing high psychology, but also to a large extent affect the volume.
News: The latest edition of China's Economic Brief: Economic Rebalancing – From Recovery to High-Quality Growth points out that after a strong rebound in the first half of 2021, China's economic activity has cooled down in the second half of the year, but China's real GDP growth rate will reach 8.0% this year and 5.1% in 2022.
Today's cobalt lithium nickel market situation
Cobalt prices maintain a solid market, the industry for new energy vehicles and 5G smart phone consumption increase is still a positive view, for the epidemic disturbance of raw material resources circulation is still worried, the market supply and demand fundamentals are tight to support the market to run firmly, the recent holiday atmosphere affected the market rally slightly slowed down, wait and see the progress of cobalt-free battery research and application, as well as the recovery of consumption in the alloy field.
Lithium prices remain firm, on the one hand, due to the production and sales of new energy vehicles, on the other hand, due to the expansion of raw material production capacity and transportation is limited by the epidemic, the lithium market as a whole is still in a tight supply and demand fundamentals. The research institute predicts that global power and energy storage battery shipments will reach 1516GWh in 2025. According to the estimation that 10,000 tons of lithium carbonate processing capacity can meet the demand for 15GWh batteries, 1.01 million tons of lithium carbonate production capacity demand will be derived.
Nickel prices to maintain a shock to sort out the market, the main consumption areas of stainless steel market expectations are more divergent, on the one hand by low-carbon measures affected by the production control intensity of steel mills increased, on the other hand by the traditional infrastructure and new infrastructure support domestic demand is expected to expand, short-term market overall purchase and sales are slightly cautious, affecting the nickel iron market downturn. The macro level continues to pay attention to the impact of overseas energy crisis and economic regulation.