The monitoring results of the monthly prosperity index of China's tungsten and molybdenum industry show that in April 2021, the prosperity index of China's tungsten and molybdenum industry was 42.3, rising continuously for 10 consecutive months, operating in the "normal" range, and the leading synthesis index was 71.9, which continued to rise.
1. The prosperity index operates in the "normal" range.
The monthly prosperity index of China's tungsten and molybdenum industry continues to pick up, operating in a "normal" range.
In April 2021, among the indicators that constitute the prosperity index of tungsten and molybdenum industry, seven indicators, such as tungsten-molybdenum price index, M2, tungsten-molybdenum export index, monthly investment in tungsten-molybdenum fixed assets, crude steel output, production index and main business income of tungsten-molybdenum enterprises, are in the "normal" range, while the output of cemented carbide and the total profit of tungsten-molybdenum enterprises are in the "partial heat" range. It is worth noting that the tungsten-molybdenum price index continued to pick up, the tungsten-molybdenum price index in April was 57.4; the tungsten-molybdenum export index continued to rise, and the tungsten-molybdenum export index in April was 16.8; cemented carbide production increased significantly and entered a partial heat range, the cemented carbide output index was 166.7 in April; the tungsten-molybdenum total profit index increased significantly, and the total tungsten-molybdenum profit index in April was 169.2.
2. The leading composite index rose significantly.
In April 2021, the leading composite index was 71.9, up 9.8 points from the previous month.
Among the indicators that make up the leading composite index of the tungsten and molybdenum industry, it has been seasonally adjusted for 4 rises and 2 declines compared with the previous year. The price index of tungsten and molybdenum increased by 25.8%, the export index of tungsten and molybdenum increased by 22.3%, the output index of cemented carbide increased by 26.6%, and the output of crude steel increased by 6.5%. The decrease was that M2 fell by 0.8%, and the monthly investment in tungsten and molybdenum fixed assets decreased by 7.5%.
3. Industry situation
In April 2021, the domestic tungsten market showed a steady upward trend. In early April, the central eco-environmental protection inspection team was stationed in Jiangxi and Hunan and other major tungsten producing areas, involving water pollution, ecological damage, noise pollution, soil pollution, and so on. The inspection team asked all provinces to pay attention to more stringent environmental protection, and some small and medium-sized enterprises stopped production. The utilization rate of tungsten concentrate capacity has decreased, and the shippers have a low willingness to ship goods and insist on high prices. In April 2021, the average price of tungsten concentrate in China was 96500 yuan / ton, up 6.52% from the same period last year, and 1.6% higher than the previous month. The average price of apt was 144500 yuan / ton, down 1.4% from the same period last year and 0.6% from the previous year.
In April 2021, after rising sharply from January to February, molybdenum prices in 2021 rose sharply and fell back in March. The market accumulated part of the inventory in the first quarter, and in April the market was in the de-inventory stage. 45-50% molybdenum concentrate fluctuated within a narrow range of 1680-1720 yuan / tonnage, with a small fluctuation. In April 2021, the average price of 45% molybdenum concentrate in China was 1688 yuan / tonnage, up 19.35% from the same period last year, down 2.82% from the previous month, down 2.82% from the previous month. The average price of ferromolybdenum was 112000 yuan / ton, up 13.62% from the same period last year, and down 1.18% from the previous month.
To sum up, at present, the tungsten and molybdenum industry as a whole is in a "normal" space, and the operation of the industry remains relatively stable. It is expected that the tungsten and molybdenum industry will still operate in the "normal" range for some time in the future.
