Chinese Tungsten Prices Go up Slightly on High Costs of Raw Materials

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices edge higher with the support of high production costs of raw materials, but trading volumes are still at a relatively low level. The market now is difficult to sell products at high prices and to buy cheaper products. 

In the tungsten concentrate market, affected by decreased resources, high costs and squeezed profits, sellers are reluctant to sell at low prices, so market prices rise slightly. But considering low buying appetite of downstream, the whole market transactions are hard to increase in the short term. 

Smelting factories take fewer orders but raw material prices are high and manufacturers reduce their production, so inventories in most factories are consuming gradually. Businesses are not likely to cut their profits for more sales. The whole market continues its imbalanced pattern.

Prices of tungsten products on Jul. 24, 2019

Picture of tungsten powder 

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