China Tungsten Market Is Weak but Stable in August

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices maintain stability affected by Sino-US trade friction, environmental protection inspection, high temperature and heavy rains. Most of companies now feature of low profits, capital shortage and low operating rate. Raw material manufacturers are reluctant to sell at low prices while smelting factories face risks of price inversion. Downstream buyers purchase products on what they actual need and try to force prices down. 

In the spot market, the overall trading atmosphere is cautious and low, and some of the biddings are cashed out. But market prices still are supported by high costs. On the whole, China tungsten market is weak but stable in August. Market participants are not clear about the outlook, waiting for the moves in policy side, back-end manufacturing industry and the flow of Fanya stocks.

Prices of tungsten products on Aug. 15, 2019

Picture of tungsten powder 

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