Chinese Tungsten Market Was Slow with Prices Down

Analysis of latest tungsten market from ChinaTungsten Online

The Chinese tungsten market was slow on the last trading week of 2018, with prices down and trading activity limited. Affected by weak demand, capital shortage and sluggish manufacturing industry, the seller’s market is still weak and downstream purchasers still remain low trading activity.

The merchants have a conservation attitude towards the market in the first quarter of 2019. If the supply side are not released more favorable news, tungsten prices will be difficult to rebound before the Lunar New Year. In the short term, the environmental protection reducing production and stocking up before the holiday will be the focus of the market. Tungsten prices will hover around the offer levels of large tungsten enterprises this week.

Prices of tungsten products on Dec. 25, 2018

Picture of tungsten powder 

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