Tungsten Prices in China Continued the Downward Trend in Early July
- Details
- Category: Tungsten's News
- Published on Wednesday, 03 July 2019 18:14
Analysis of latest tungsten market from Chinatungsten Online
The trajectory of tungsten prices in China has been largely downwards, as the market has adjusted to some extent to the curbs on supply, and as wider global economic growth has begun to slow.
Downstream smelting factories remained low production activity with weak demand for raw materials. They tried to transfer their pressure of price inversion to the upstream. Most manufacturers now cut output to reduce inventories.
Affected by the uncertainty of the capital market and the country's macroeconomic, as well as imbalanced relationship between raw material enterprises' production cuts and purchasers' inquiries, both buyers and sellers took a watchful stance at the beginning of July. In the short term, insiders would wait for the new guide from tungsten institutions and large listed companies.
Prices of tungsten products on Jul. 3, 2019
Picture of tungsten powder
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