When China Tungsten Prices Will Bottom Out?

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability as the market is in the off-season and the flow of Fanya stockpiles also is uncertain. At present, downstream buyers try to force prices down while tungsten ore prices in the raw material market keep firm. With the impact of high cost, capital shortage and low profits of factories, the whole market now is in a stalemate. 

Traders have different views on the flow of pan-Asian stockpiles. Some believe that the short-term may break the current weak balance between supply and demand in the market, which will have an impact on tungsten prices. However, in the long run, after the uncertainties in the market are settled and the industry is rectified, tungsten prices will bottom out.

Prices of tungsten products on Aug. 21, 2019

China tungsten prices image

Picture of tungsten powder 

tungsten powder image

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