China Tungsten Market Was Quiet After the Holiday of National Day

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market was quiet in the first trading day after the holiday of National Day on continued deadlocked relationship between supply and demand. Considering the limited inventories of upstream mines and smelting factories, and relaxed environmental protection policy after the holiday, the trading in the spot market would be expected to recover. 

At present, most companies are hesitate at their offers. In September, raw material enterprises raised their offers but with rare transactions concluded. While downstream enterprises were not active in purchasing goods. So most of insiders chose to slow down, waiting for the status of terminal market and new guide prices after the holiday.

Prices of tungsten products on Oct. 9, 2019

Picture of cesium tungsten bronze

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