Traders Are Gradually Coming Back to Chinese Tungsten Market

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten manufacturers are gradually returning to the market with the end of Chinese Lunar Year, mainly arranging production. Though some purchasers start enquiry, sellers are reluctant to quote for them, with fewer transactions concluded.

Insiders are now optimistic about the late market trend. On the one hand, new increased production in the tungsten mines is limited, so smelting factories do not intend to receive low-cost orders as they have enough orders at hand; on the other hand, tungsten related enterprises go into operation. It is reported that there are more than trillions investments for local governments. Not only total of four trillion yuan is put into replacing old growth drivers with new ones in Shandong Province, but also have more than trillion yuan investments on important projects in Fujian, Jiangxi and other provinces. These moves will truly stabilize Chinese economy.

Social financing and credit data on January far beyond market expectations, and demand from cemented carbide and deep processing enterprises also will recover. With the coming of March, Chinese tungsten market can be expected.

Prices of tungsten products on Feb. 24, 2018

Picture of tungsten powder

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