China Tungsten Market Was Quiet After the Holiday of Mid-Autumn Festival

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market was quite in the first trading day after the holiday of Mid-Autumn Festival. The auction of Fanya stocks will be settled this tomorrow and before that, traders in the whole industry took a watchful stance. Most sellers were reluctant to trade under the pressure of high costs. 

About the auction of 28,337.347 tons of ammonium paratungstate in Panya, two people have signed up with six auction records. the current price is 2,473,260,380 yuan. (starting price: 2,448,260,380 yuan, margin: 200,000,000 yuan, price increase: 5,000,000 yuan), according to the latest news.

Prices of tungsten products on Sep. 17, 2019

Picture of tungsten powder 

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