Chinese Tungsten Prices Maintain Stability Amid Weak Sentiment

Details: Category: Tungsten's News; Published on Friday, 04 January 2019 15:13

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices maintain stability in the week to Friday January 4 as the market lacks effective guidance before the release of new guide prices from institutions and large tungsten companies. Most companies now take watchful stance.

For the supply side, more factories stop production to undergo repair due to environmental protection, but continued weak demand does not reduce market inventories; for the demand side, market demand has not yet recovered and purchasers prefer low-price resources; for the market funds, although capital shortage eased after the holiday, actual transactions still need further observation. Taken together, the whole market is continuing its weak adjustment.

Prices of tungsten products on Jan. 04, 2019

tungsten carbide powder price picture