Tungsten Prices in China Continue to Stabilize in Early April

Analysis of latest tungsten market from Chinatungsten Online

In the first trading day of April, tungsten prices in China maintain stability compared with last month. The new policy of added-value tax (VAT) was officially implemented in April, which would affect the cost calculation of mainstream tungsten products.  

Although sellers have the wiliness of sales, under the continued weak demand, traders remain low buying appetite. With the approaching of Tomb-Sweeping Day, most market participants take a watchful stance, waiting for the new guide prices from large complainers and tungsten institutions, and the movement in inventories in Fanya Metal.

Prices of tungsten products on Apr. 2, 2019

Picture of wolframite

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