China's Xiamen Tungsten Raised New APT Offer for Early December

Details: Category: Tungsten's News; Published on Wednesday, 04 December 2019 18:01

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China start to show upward trend in the week began on Monday December 2, 2019 as the rise in new offers from listed tungsten companies boosts market confidence. the production costs increase, and thus raw material sellers are reluctant to sell products at low prices. But downstream buyers mainly take a watchful stance with low demand for products.

China's Xiamen Tungsten's APT offer for the first half of September is $221/mtu, up $8.2/mtu compared with the second half of November.

On the whole, Chinese tungsten market will continue to be in a stalemate with limited market transactions. Market participants will be cautious and transaction prices will hover around the new offers. Market trading needs to be followed up in the short term.

Prices of tungsten products on Dec. 4, 2019

APT offer image