Chinese Tungsten Prices Stabilize on Slow Restart to Production

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices remain stable when more and more companies gradually resume operations. Most sellers still have strong rised mentality due to the tightening availability of raw materials. 

On the one hand, producers choose to suspend operations for maintenance work considering limited workers; on the other hand, affected by the cost of anti-epidemic materials and logistics constrain, product prices have been passively increased. 

Operations have begun to resume in various places to promote market transactions, and the short-term tungsten market is expected to steadily improve. However, the continuity of the overall market may be limited, mainly because the epidemic situation and resumption of work also affect downstream industry consumption and transactions in the spot market. At present, the industry is concerning about the situation of epidemic prevention and control, the resumption of work of enterprises, and watching the new round of guidance prices from institutions and large enterprises next month. 

Prices of tungsten products on Feb. 25, 2020

Chinese tungsten prices image

Picture of tungsten powder 

tungsten powder image

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