Conservative Selling Way, Increased Domestic Tungsten Price
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- Category: Tungsten's News
- Published on Thursday, 13 July 2017 10:54
- Hits: 559
Recently, under the influence of constant tight supply of raw materials in the end, the domestic tungsten market began to appear rebound potential. Although the outlook of consumer demands is brisk influenced by the off-season effect, there is still a chance to a price rise, as miners insist on a conservative way in selling goods.
This year, affected by the environmental protection policy, the output of tungsten concentrate showed steady growth. And recently, affected by seasonal factors such as heavy rain and high temperature, raw material supply is still tight. Miners who are constantly suffering from the high production cost are provided confidence of price growth. Tight supply and high price are the present situation of tungsten concentrate market.
As for the smelter, downstream orders generally evoke manufacturers’ cautious mood. But still, manufacturers have to increase price as the procurement inexpensive raw materials is difficult and the cost may higher than the price. However, the price of product grows slightly slower than raw material price.
Overall, the domestic tungsten price generally shows a slow upward trend. Affected by the lack of demand caused by off-season, terminal upward trend is slightly slower than the upstream. As a part of the idle funds successively enter the market, the overall enquiries and turnover increased.
Prices list of tungsten products on 7/12/2017

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