Chinese Tungsten Prices Remained Stable in the Week Began on Monday June 10

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices still maintained stability on the whole in the week began on Monday June 10. The mining enterprises and APT smelting factories have jointly reduced the production, which has a temporary effect on stopping the downward trend. The merchants now have a sense of stabilization, but low trading activity of the terminal market and buyers requiring lower prices press transactions in the spot markets. 

At present, there is a clear divergence between the share prices and current prices in the Chinese tungsten market. That means that the expected value of investors boosted by production cuts, and the actual transaction volume of the spot market are different. The weak supply and demand pattern of tungsten market needs to be repaired, and the fundamental adjustment of supply and demand in the industry is concerned. In the short term, market participants shall focus on the movements of environmental policy, Sino-US trade consultations and inventories in Fanya Mental. 

Prices of tungsten products on Jun. 13, 2019

Picture of tungsten carbide powder 

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