[Raw material prices increased by 10,000 yuan in a single day, and the game between the upstream and downstream of the tungsten industry chain intensified] On November 6, according to Baichuan Yingfu data, the mainstream quotation of ammonium paratungstate (APT) on November 5 increased by 10,000 yuan/ton from the previous working day, reaching 530,000-550,000 yuan/ton, an increase of 4.85% from last week. The short-term increase did not change the overall background of significant price decline during the year. Data shows that the average price of APT is still down 11.48% from the previous quarter and 19.40% from the beginning of the year, but it is still up 18.16% from the same period last year. Judging from the current market performance, the upstream raw material end has relatively solid support, smelters are reluctant to sell, and the supply of low-priced goods in the circulation link has gradually tightened, which jointly promoted the increase in APT quotations. However, the price rebound has not yet brought about a simultaneous increase in transaction volume. Downstream companies still focus on replenishing inventory for immediate needs, and are not willing to chase high prices to acquire goods. The pace of transactions is slow, and most of them are scattered and small orders. (Securities Times)