Ferro Tungsten Prices in China Stabilize on Wait-and-See Atmosphere of Traders

Details: Category: Tungsten's News; Published on Wednesday, 16 October 2019 17:24; Hits: 661

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China tend to stabilize due to wait-and-see atmosphere in the market. Upstream traders' profit-taking mentality are raised, so the supply in the spot market has been increased recently. In the meantime, insiders worry the increased supply may affect product prices and thus sellers become cautious.

Intermediate traders and downstream smelting enterprises continue to be challenged by cost, demand, and funds. The purchasing power is insufficient to follow up. The orders of the terminal manufacturing industry are difficult to release. In the trend of rising raw material prices, buyers try to force prices down. In the short term, the whole tungsten market would be under pressure with thin trading and rational mentality.

Prices of tungsten products on Oct. 16, 2019

ferro tungsten prices image