The Tungsten Price in China Continues to Stabilize in Late November

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China continues to stabilize in the week began on Monday November 25, 2019. In the supply market, the sales still remains difficult, but the environmental protection inspection, production cost and limited output of manufacturers ease the pressure to some extent. Raw material sellers have strong rised mentality and some purchasers' inquiry becomes more active than before. 

On the demand side, the terminal manufacturing demand has not improved substantially. In addition, traders are still concerned about the uncertain factors affecting the macroeconomic environment, such as geopolitics and trade taxation policies. With the countdown to the Spring Festival, companies face great pressure of capital turnover with cautious sentiment in taking orders. Given that, the whole tungsten market is expected to maintain stability in the short term.

Prices of tungsten products on Nov. 26, 2019

Picture of tungsten powder 

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