China Tungsten Market Kept Firm with High Prices but Rare Deals

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China kept firm in the week ended on Friday October 12, 2019 partly affected by the rise in new guide prices from institutions and listed tungsten companies. Sellers raised psychological prices of raw materials and were reluctant to sell products as they had certain profit margins. But considering rare deals concluded at high prices, insiders have mixed feeling about the outlook. 

The advantage lies in the mining control policies, environmental protection policies, the decline of resource grades and the increase in the value of tungsten resources after the use of high-tech new materials, which will significantly contribute to the cost, supply and confidence of the industry. The disadvantage lies in the uncertainty of trade friction between China and the United States, the global manufacturing economic downturn, and the decline of downstream related consumer industries, which will aggravate the uncertainty of market trade and the reduction in industrial demand.

Prices of tungsten products on Oct. 14, 2019

Picture of tungsten powder 

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