China Tungsten Concentrate Price Is Pressed by Unstable Trade Environment

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, tungsten prices in China maintain stability as most insiders are waiting for new round of guide price from large tungsten companies. Affected by the Sino-US economic and trade frictions, market participants are in the cautious sentiment, plus with declined orders from terminal side and the worry for Fanya’s stocks, tungsten concentrate price is under pressure. But the environmental protection inspections still offer support for the weakened market. 

The China Tungsten Industry Association held a symposium on owners of tungsten enterprises, and proposed that the tungsten mine enterprises should reduce production, according to the report. The top ten domestic tungsten enterprises reached a unanimous agreement to maintain the supply order of the tungsten raw material market. This year, the production of tungsten concentrates is not lower than ten percent.

Prices of tungsten products on May 21, 2019

Picture of tungsten powder 

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