New Round of Chinese Environmental Checks Boosts Market Confidence

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China tend to stabilize this week after a fast decline in July. Manufacturers’ product profits are cut greatly and they appear unwilling to sale at present. A new round of environmental protection inspection will be launched on August 20 and insiders are in wait-and-see mood.

In Chinese market, low season features reveals, fundamental and capital are under particular stress. Also, hot and rainy weather reduces manufacturers’ production and orders. Customers try to force prices down and purchase as needed. In the short term, market confidence will be boosted by the new round of Chinese environmental checks.

Prices of tungsten products on Aug. 16, 2018

Picture of blue tungsten oxide

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