Chinese Tungsten Prices Were Weak on Quiet Market

Details: Category: Tungsten's News; Published on Tuesday, 16 July 2019 15:21

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices continued to remain weak adjustment as the market lacks clear guidance at present. Downstream buyers remain low buying appetite, but the supply of raw materials also is in shortage due to the environmental protection inspection, output cuts of smelting factories and inventories consumption of factories.

Most factories face pressure of price inversion and are expected to achieve a price rebound in the tungsten concentrate market to support product prices. But buyers try to force prices down and are reluctant to purchase when prices are in the downward trend. So transaction prices are under pressure. Under the deadlocked supply and demand, low trading activity in spot markets, the tungsten market is expected to bottom out in the short term.

Prices of tungsten products on Jul. 16, 2019

tungsten carbide powder price image