Tungsten carbide is expected to rise in price

According to Sina.com,the cost of raw materials has risen,and the profit of cemented carbide has shrunk.Today,Jiujiang Jinlu has sent a letter to increase the price of cemented carbide products.Other cemented carbide companies are brewing.It is understood that the current round of price increases will increase by 5-10%The%varies.It is understood that although alloy companies resume work late after the Spring Festival and there are fewer spot transactions,due to the continuous increase in the cost of tungsten raw materials,downstream alloy products will follow the trend.The current reference price of tungsten carbide is 268-272 yuan/kg,and the range is widened;the reference price of tungsten powder is 273-275 yuan/kg,and the partial quotation is 275-278 yuan/kg.The price of cobalt powder continued to fall,and the quotations of enterprises were at 285-295 yuan/kg.The reason was that the trend of removing cobalt from domestic new energy vehicle batteries was obvious,and the proportion of lithium iron phosphate increased.

Raw material market performance.The tungsten concentrate market is on the sidelines.The current reference price of 55%tungsten concentrate is 1.68-1.69 yuan/kg without tax,and 118,500-119,000 yuan/standard ton including tax,and some transactions have been reached.The price of APT bulk cargo remained at 180,000-182,000 yuan/ton.The smelters were reluctant to sell and hoped for a rise.