China’s Tungsten Price Is Expected to Remain Weak This Week

Analysis of latest tungsten market from Chinatungsten Online: Last week, domestic tungsten price was weak without strength to rise. Tungsten ore traders diminished rised mentality, plus certain profits in stocks at the hands, profit-taking action in the market increased significantly. With the increased supply of tungsten raw materials, terminal demand also was released, but marker pric had not enough strength to rise. Therefore, the price of tungsten concentrate and APT mainly hovered at a relatively level.

Tungsten mines that stopped working to undergo repair in some regions started working again in last Thursday, and thus the supply in the raw material market will increase. Given that, tungsten price is expected to be weak this week.

Prices of tungsten products on Mar. 19, 2018

Picture of tungsten trioxide

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