China Tungsten Market Remained at a High Level Around the National Day Holiday

Analysis of latest tungsten market from Chinatungsten Online

The whole tungsten market in China stabilized affected by the holiday of National Day. Tungsten ore prices remained at a relatively high level, smelting factories and intermediate traders followed the trend to raise their product quotations. As expected, terminal demand showed no signs of recovery. 

With the support of Chinese environmental protection inspection and strong rised mentality of sellers, the spot market presented a weak balance between supply and demand sides. Under the uncertain recovery of the demand side, raw material markets may face oversupply. 

Around the short break holiday, manufacturers generally believed that the possibility of price decline is very low after a previous sharp rise, but the space for rise needs to be further evaluated. The upstream and downstream trading status will be expected after the holiday.

Prices of tungsten products on Oct. 8, 2019

Picture of tungsten trioxide 

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