The Tungsten Prices in China Showed Downward Adjustment in Late October

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China were adjusted in the week began on Monday October 21, 2019 because the demand sides failed to meet market expectations, raw material sellers and speculators considered profit-taking. The whole transaction prices were in the downward trend. 

The supply in the spot market of raw materials increased while the terminal market remained cautious to inquiry. Smelting factories faced pressure of price inversion and capital shortage, taking a watchful stance. Market participants were not active in trading. The new guide prices from listed tungsten companies, the demand side, costs and funds would be the focus of the market in the short term.

Prices of tungsten products on Oct. 22, 2019

tungsten powder price image

Picture of tungsten powder 

tungsten powder image

Follow our WeChat to know the latest tungsten price, information and market analysis.