Tungsten Carbide PoWder Pitues anoratidza maitiro akakosha kumusoro muna 2025; Supply-Finstly kusvinira, mutemo unodzora mutemo, uye zvinokatyamadza zvinopesana nemitengo yekutora mitengo yekurekodha yakakwira. Kuongorora kwakakwana pazasi:

Mutengo wetengo & kiyi data mapoinzi

1. Ndira kuna Chivabvu: Kuvhiya Kurekodha Kukwikwidza  

- Tungsten Carbide Mutengo: Kusvika RMB 366 / KG (RG (RGNE) nekupera-Chivabvu 2025, Kupfuura 20,2% Kuwedzera Kwegore Guguva Rekutanga.

-Kugadzira: Upstream tungsten kugovera kugovera

2. June: Stalemate pamazinga makuru, kupfupika kwenguva pfupi yekumanikidza  

- Kubva munaJune 20, mutengo wakaruramisa zvishoma kuRMB 372 / kg, ichiri kumusoro 19.6% yoy.

- Market Dynamics: Public-Kutora nevatengesi yakamanikidzwa kutengeserana mazinga, asi zviwanikwa-mutengo Mutengo wekutsigira unoramba wakasimba, uchiruramisa zvakadzama zvisingaite.

B. Core kutyaira Factor Ongororo

1. Kuenderera mberi Kugovera Contraction  

- Domestic quota cut: 2025's yekutanga tungsten mine quota chete 58k toni, pasi 4k tonnes yoy (-6.4%). Zvirongwa zvakatipoteredza muJiangxi / Hunan akacheka nzvimbo kuwanikwa kune

- Kuwedzeredza Kunze Kupararira

2. Chimiro chekuda Kuvhiya  

- Mauto & Advanced Kugadzira: European Kudzoreredza uye Fiusion Projects Wedzera 3K Tonnes / gore Kuda (5% yekunwa). Zvishandiso zvitsva (robotic, evoti kucheka maturusi) push casted carbide inoburitsa 9% yoy.

- PV tungsten waya breakthrough: chiyero chinorova 12%. Xiamen tungsten's 10-bhiriyoni-metres yekuwedzera zvinangwa 85% yemusika kugovana, inosimudzira purofiti / tonne ne30% kuburikidza neTech Premium.

- Export Control Kuvhunduka: China's Kurume Tungsten Cardide Kunze Kuburikidza neZero (Dual-Shandisa Kudzora), Kuwedzera Kwemweya Kumanikidza.

C. Geopolitics & Capital mitambo  

- Strategic Resource Premium: Middle East Tisplions Amplify Tunsten Kukosha Kwemauto. Chirongwa cheEuro che 100k-tonne strategic reserve inokonzeresa kupatsanurana kwepasirese.

- Capital Inflow: Tungsten Sector inoona capital capital invhusi yeRMB 178m (Kubvumbi). Remangwana premium inokwira kusvika 8%, ine mutengesi anotarisira kuwedzera kuwanda.

3.

1. Q1: Rise then Retreat  

- Ndira: Pre-Pre-Holiday Stocking inotsigirwa mitengo, asi kutengeserana chaiko kwaive mutete.

- Kukadzi: Export kutonga kwakakonzerwa> 80% Amai vakadonha kunze kwenyika, kumanikidza mitengo.

80% Amai vakadonha kunze kwenyika, kumanikidza mitengo.

2. Q2: Peak and Stalemate  

- Kurume: Mutengo-unodururwa Rebound; Tungsten poda paRMB 308 / KG nemwedzi-kupera.

- Kubvumbi: Policy kusimbisa (quota cuts) uye yakakwira-yekupedzisira kuda yakavezwa rm 8,000 / KG zuva nezuva. Avhareji mutengo yakapwanyika RMB 316,000 / tonne.

- May-June: Mitengo yakadzvanya pedyo nePeaks. Downstream casement carbide firmed inotorwa

D. Remangwana Trend Outlook

1. Pfupi-term (H2 2025)  

- Yakanyanya kujairika: tungsten carbide poda rutsigiro reti ~ RMB 360 / kg. Limited Downde (tungsten kuisana mutengo kuRMB 146K-148K / TONNE).

- Njodzi: Trader purofiti-kutora uye mhiri kwemakungwa angu Ramp-up (i.ege, Bakhyt's 8K-tonne Capacity magadzirirwo ehunyanzvi.

2. Long-term (Post-2026)  

-Kusimbisa kushomeka: Kudzvinyirira kwangu uye quota cuts dzinoenderera mberi. PV tungsten waya kupinzwa kusvika 20% na 2026; carement carbide inoisa kutsiviwa kutsiva. Kuomarara kusimudza mutengo pasi.

- Global Pricing Reshuffle: China inodzora 70% yeReserves. Recycled tungsten tech inogona kunge iri mutambo-woster. Zviitiko zvakanyanyisa zvinogona kusundira kupfuura kupfuura RMM 200K 200K / tunne (tungsten poda> rmb 400 / kg).

rmb 400 / kg).