Chinese Tungsten Prices Are Weak, with a Prospect of Further Falls

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices keep stable earlier in this week, but are expected to decline as insiders are negative about the guide prices from institutions and large tungsten enterprises. Companies remain low buying interest after profit margin reduced. At present, the whole market is caught in heavy wait-and-see atmosphere. 

Affected by off-season effect, large stocks in FYME Metal Exchange and Sino-US trade tensions, supply and demand are in a stalemate, and trading volumes are difficult to increase. Tungsten prices in China may show further falls this week. 

Prices of tungsten products on Aug. 07, 2018

Picture of tungsten carbide powder

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