(1) The output of tungsten molybdenum ore products maintained growth
According to relevant statistics, in October, the output of molybdenum concentrate in China was about 8320 tons (metal, the same below), an increase of 0.82% month on month;
Affected by the power shortage in Jiangxi Province, the main production area, the output of tungsten concentrate (65% tungsten oxide) was 5600 tons in October, a month-on-month decrease of 14.3%.
(2) The export of tungsten and molybdenum products increased significantly
As the epidemic situation has eased and overseas demand has picked up, China's tungsten and molybdenum exports have increased significantly year on year this year. According to customs statistics, in September, China exported 1940 tons of tungsten products (equivalent to tungsten, the same below), a year-on-year increase of 54.0%. Among them, the export of tungsten smelting products was 818 tons, a year-on-year increase of 79.6%; The export of tungsten powder products was 845 tons, a year-on-year increase of 27.6%; The export of tungsten metal products was 277 tons, a year-on-year increase of 94.4%. In the same period, China exported 2690 tons of molybdenum (metal, the same below), with a year-on-year increase of 154.0%. Among them, the export of molybdenum charge products was 2074 tons, a year-on-year increase of 258.8%; The export of molybdenum metal products was 421 tons, with a year-on-year increase of 75.5%.
(3) The production of downstream steel mills was reduced, and the consumption of tungsten and molybdenum decreased month on month
In October, the production reduction of domestic steel mills affected the demand for ferrotungsten and ferromolybdenum. In addition, the consumption of cemented carbide was also lower than that in September. On the whole, the domestic consumption of tungsten and molybdenum decreased month on month in October. After investigation, it is estimated that the domestic tungsten consumption in October was 3865 tons, down 3.4% month on month; Molybdenum consumption was 6590 tons, down 18.5% month on month.
(4) The price of tungsten and molybdenum products fluctuated
According to statistics, in October, the average price of 65% wolframite concentrate in the domestic market was 112000 yuan/ton, up 1.6% month on month; The average price of ammonium para tungstate (APT) was 171000 yuan/ton, up 4.5% month on month. The price of molybdenum products in the domestic market continued to decline. Among them, the average price of molybdenum concentrate (45% Mo) was 2265 yuan/ton, down 6.1% month on month; The average price of ferromolybdenum (60% Mo) was 153000 yuan/ton, down 3.3% month on month.
(5) The benefits of the industry continued to improve
From the quarterly reports of some listed companies in the first three quarters, the sales volume of main products of tungsten and molybdenum business increased significantly, and the profitability of deep-processing products continued to improve
