Chinese Tungsten Market Stabilizes at the end of October

Analysis of latest tungsten market from ChinaTungsten Online

Prices in Chinese tungsten market continue to maintain stability at the end of October. Affected by China environmental checks, the operating rate in the whole industry chain is at a relatively low level and both supply and demand is weak. The difficulty in sales of smelting factories presses product offers down. Market trading now is thin and most insiders wait and see the new tungsten forecast prices from institutions and large tungsten enterprises. 

Tungsten concentrate sellers are relatively active in quoting under supports of costs and supply, but high-price goods are reducing. APT market is pressed by the demand side, so manufacturers adjust their offers in line with the market. Lacking of new increased orders and under deadlocked costs and funds, tungsten powder market tends to stabilize. 

Prices of tungsten products on Oct. 31, 2018

Picture of tungsten powder

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