Tungsten Prices in China Are Weak Dragged by Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain weak adjustment on heavy wait-and-see atmosphere and thin market trading. At present, the external trade environment is unstable and downstream factories are not active in producing and purchasing products. The market continues to operate on-demand procurement with low trading activity. 

Although the tightening availability of raw materials benefits the market, it is difficult to effectively stimulate the market in the short term. Most sellers seek for more sales and the operating rate of smelting plants is kept at a low level. Downstream buyers try to force raw material prices down as they also face great pressure. The news of capital flow and fundamentals at the end of the month has not been updated. It is difficult to make a significant change in transaction prices in the short run. Market deals will mainly focus on low-price resources this week. 

Prices of tungsten products on May 29, 2019

Picture of tungsten powder 

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