China Tungsten Market Is Quiet on Weak Consumer Appetite

Details: Category: Tungsten's News; Published on Tuesday, 10 December 2019 19:24

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the China tungsten market was caught in wait-and-see atmosphere. The new guide prices from Ganzhou Tungsten Association and listed tungsten companies were raised slightly, boosting market confidence, but the adjustment was limited, showing a more conservative mindset of raw material manufacturers.

With the end of the year, factors such as stockpile status at home and abroad, corporate capital withdrawal, and environmental protection exist objectively, making the supply and demand pattern of the spot market unstable. The confidence in market transactions is still cautious. On the whole, mainstream tungsten product offers will stabilize in the short term.

China's Jiangxi Tungsten released its offer for the wolframite concentrate at $12,753.6/t.

Prices of tungsten products on Dec. 10, 2019

China tungsten price image