Chinese Tungsten Prices Took a Backward Step in July

Details: Category: Tungsten's News; Published on Friday, 26 July 2019 10:11

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are unchanged from the previous trading day on persistent weakness in the demand side and uncertain outlook of the market. Most market participants take a watchful stance, waiting for further directions from large tungsten companies and institutions.

The tungsten market has been something of a non-happening space of late. The market at one stage looked like it was going to go for a run but somehow ran out of steam. The price seems to have taken a backward step to the US$300 mark. The prevalent uncertainty is causing a lot of market participants to be uncommitted to projects.

The onset of a big push to clean the country up with environmental constraints has added to the cost of mining. The ageing mines in China are now being scrutinised and are being pushed to perform in a cleaner environment.

Prices of tungsten products on July 26, 2019

tungsten oxide price image