Analysis of latest tungsten market from Chinatungsten Online

The new guide prices for China tungsten market were released by listed companies and tungsten associations on Wednesday August 7, which rose slightly compared with last time but lowered than current market prices. The price failed to meet market expectations and market trading remained low.

The growing premium in China's molybdenum and vanadium alloy prices to Europe has sparked a price rebound in western-grade material as this signals a potential increase in export demand from Asia-Pacific.

China rare earth prices continue to be in the upward trend on the whole owing to active market inquiry despite of cautious sentiment of traders. At present, downstream enterprises are more cautious in taking goods, and they are in conflict with high-priced goods, while holders are looking forward to rising product prices, and thus low-cost goods are hard to find. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and tungsten powder prices are unchanged from the previous trading day on severe situation of the Sino-US trade talks and heavy wait-and-see atmosphere in the market.