Chinese Tungsten Prices Were Weak in Wake of Lukewarm Demand

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the week ended on Friday November 15, 2019. The supply of raw materials increased while downstream demand remained lukewarm. In addition, traders faced pressure of sales in wake of capital shortage in the fourth quarter. But raw material prices got support from environmental protection policy and high cost. 

Smelting factories sold products with prices that are gradually lowered than psychologically expected level, so they remained low operating rat to avoid risks of price inversion and excess inventory accumulation. In the short term, the macroeconomic and trade environment, terminal consumption are difficult to recover effectively. The uncertainty in geopolitics, trade protection and taxation policies will still exit. The whole tungsten market is expected to stabilize.

Prices of tungsten products on Nov. 19, 2019

Picture of tungsten powder 

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