China Tungsten Market Continues Its Stability in March

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market continues its stability in the week began on Monday March 18, with rare transactions concluded and limited new increased orders. Due to the supply of raw materials keep tight, sellers are reluctant to sell at low prices and sales face great pressure. 

With the end of China’s Two Sessions, mines that are affected by the control of explosives will resume production this week. At that time, the pressure of tight supply on raw materials may be eased. However, due to the impact of rised mentality of sellers and factory production cycle, the release of resources is expected to be slow. In the short term, market participants would wait for new round of guide prices from large companies and replenishments of downstream.

Prices of tungsten products on Mar. 19, 2019

Picture of tungsten trioxide 

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