Chinese Tungsten Prices Are Weak on Capital Pressure

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remain weak adjustment due to weak demand and capital pressure. Insiders now have a low confidence for the market in December. But for miners, they have strong willingness to stabilize the market. 

Terminal purchasers try to force prices down, with limited space, plus with the difficulty in receiving new orders for the industry, downstream factories remain low activity in buying raw materials. On the whole, market trading is thin. Businesses are waiting for the new guide prices from Ganzhou Tungsten Association and large tungsten enterprises. 

Prices of tungsten products on Nov. 30, 2018

Picture of blue tungsten oxide

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