The Tungsten Powder Prices in China Stabilize on Quiet Market Trading

Details: Category: Tungsten's News; Published on Tuesday, 21 January 2020 15:14; Hits: 812

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are unchanged from the previous trading day as a result of quiet trading activity in the market. Now most factories stop production and making offers. The shipments will be arranged after the holiday of Chinese Spring Festival. While terminal buyers are not likely to stock up with heavy wait-and-see attitude.

Looking ahead, the relationship between the supply and demand is still the biggest concern. The macro-level impact has eased with the signing of the first phase of the China-US economic and trade agreement, but the consumption data of the downstream industry is not yet clear. Considering the cost risks, there is limited room for the tungsten market to make further profit. However, the rebound has yet to be confirmed by trading volume.

Prices of tungsten products on Jan. 21, 2020

China tungsten powder prices image