China Tungsten Prices Stabilized on Continued Weak Demand

Details: Category: Tungsten's News; Published on Tuesday, 16 April 2019 18:13

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices maintained stability affected by the negative impact of weak demand, low buying appetite of purchasers and difficulty in sales for sellers. Overall, tungsten ore manufacturers are cautious to adjust their prices and under the pressure of high production cost and weak demand, smelting factories are hard to operate. Most market participants now focus on production of tungsten ores, terminal consumption for inventories and new guide prices for the second of April.

With the advancement of environmental protection and the emphasis on the reduction of domestic mineral resources, the enterprises’ willingness to sell the strategic value of resources is gradually weakened, replaced by the transformation and upgrading of high-quality products, which is certainly a long-term sustainable and good for the industry, but in the intermediate stage, it needs the support and cooperation of the enterprises.

Prices of tungsten products on Apr. 16, 2019

ferro tungsten price image