Chinese Tungsten Market Is Quiet on the First Trading Day of 2019

Analysis of latest tungsten market from Chinatungsten Online

Returning from the holiday of New Year's Day, Chinese tungsten market still continues its deadlocked situation in 2018, with low trading activity and fewer transactions. 

Downstream factories mainly receive old customers’ orders while buyers waiting for further decline of prices remain low buying appetite. With the support of cost in the raw material market, market participants have good expectations for funds returned and stocking up of downstream market before the holiday of Chinese New Year. Tungsten ore sellers are reluctant to sell particularly. On the first trading day of 2019, the market is stable, waiting for the average tungsten prices from institutions and offer levels from large enterprises. 

Prices of tungsten products on Jan. 03, 2019

Picture of tungsten powder 

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