THE PRICE COMPOSITION & RISING FACTORS OF TUGNSTEN CHINA, 2017
PART V OF X
Psychological Factors of Tungsten Price & the Influence of Black Swan Incident
September 1, 2017
Analysis on psychological factors of tungsten product price
Before this paper, we analyzed the price structure of tungsten concentrate and tungsten products in China and various factors affecting the price. The fourth part focuses on the impact of RMB exchange rate fluctuation on the price of China's exported tungsten products and the significance of raising the weight for the profitability of tungsten products enterprises. However, in fact, in addition to the psychological expectations of mining enterprise operators and market buyers and sellers on the market price of tungsten products, all market behaviors are also deeply affected by some unexpected Black Swan events in the tungsten products market.
APT’s Price from March to August 2017
Price psychological expectation of tungsten products buyers and sellers
Price expectation psychology is a judgment of consumers on the change trend and fluctuation level of transaction price in a certain period of time in the future. There are many descriptions of price psychological expectation in management, and no less than forty or fifty pricing strategies are summarized according to the theory of consumer price psychological expectation. The more famous is the mantissa pricing strategy popular all over the world, which sets the mantissa of the price of goods sold at. 99. However, looking at these theories and strategies, they are analyzed from the perspective of studying individual consumers. I believe that the psychological expectation of the market price of tungsten products is the psychological expectation or psychological factor of the procurement of special commodity enterprises and their operators. At the same time, the market price of tungsten products is also deeply affected by the psychological expectation of the supplier as the buyer. Therefore, this paper hopes to analyze the psychological expectations of buyers and sellers of tungsten products for the price of tungsten products, and explore the factors of the rapid rise in the price of tungsten products.
Typical US Pricing Model, Almost with USD .99 Cent
The price psychological expectation of both buyers and sellers exists all the time. The mastery and analysis of this psychological expectation, especially the psychological expectation analysis and judgment of single to each other, directly determines the basic principles such as our negotiation strategy and pricing bottom line, and almost all price patterns are the result of the psychological quality of both buyers and sellers and their ability to control the rules of the game. Black swan event is an event that may occur at any time and rarely occurs, which can quickly change all other market factors and play a decisive role in the market. Many times, the role of black swan events often depends largely on the role of market participants' psychological expectations and psychological quality.
It's rather vague to say this, but it's easier to understand by giving an example. At present, when the price of tungsten products is climbing to a new high every day, the seller holds the goods for sale and the buyer is anxious to wait and see with money. At present, the psychology of buyers and sellers in the Chinese market is basically the same, that is, to use their controllable resources to obtain the maximum benefits, Or the power to maximize future benefits.
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