China Tungsten Prices Continue to Stabilize on Quiet Trading

Details: Category: Tungsten's News; Published on Tuesday, 26 March 2019 18:02

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are unchanged from last week at the beginning of the week began on Monday March 25. The supply of molybdenum ores is tight and sellers are reluctant to sell; downstream buyers remain low buying appetite while smelting factories take a watchful stance under the weakness of both supply and demand sides.

Domestic tungsten market now is caught in heavy wait-and-see atmosphere with few transactions concluded. In the short term, market participants would wait for the next move in environmental protection inspection, new guide prices from large companies and economy of foreign countries. Also the reforms in VAT and the results of the pan-Asian company’s verdict would be the highlight of the market.

Prices of tungsten products on Mar. 26, 2019

tungsten powder price picture