Chinese Tungsten Prices Remained Weak on Quiet Trading in May

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment as the supply, demand and news sides were quiet in early week. The whole market now is in a stalemate, and downstream buyers try to force prices down owing to low trading activity of terminal market.

In the raw material market, although high production costs support it, most transactions are concluded at a relatively low level, mainly replying on old orders. Smelting factories also are pressed and remain low operating rate. On the whole, the short-term tungsten market would be affected by cost, supply and demand, environmental protection policy and Sino-US trade.

Prices of tungsten products on May 15, 2019

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Picture of tungsten powder 

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