China Tungsten Market Remains Weak on Limited Buying Interest

Details: Category: Tungsten's News; Published on Wednesday, 16 January 2019 18:57

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China are unchanged from the previous trading day due to persistently weak downstream demand which has pressured the market since late last year.

Raw material manufacturers have strong willingness of stabilization as they expect more for environmental protection and replenishment of downstream. For the demand side, affected by thin market trading, purchasers remain low buying appetite, with heavy wait-and-see mood. Both buyers and sellers are reluctant to make a concession on prices. In the short term, China tungsten market would remain weak.

Prices of tungsten products on Jan. 16, 2019

tungsten carbide power price picture