China Tungsten Carbide Powder Prices Are Unchanged on Friday December 27, 2019

Details: Category: Tungsten's News; Published on Wednesday, 01 January 2020 17:32

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China maintained stability in the week ended on Friday December 27, 2019 as the whole industry is in a stalemate at present. The tungsten prices will continue this trend in the short term, keeping in line with offer levels from listed tungsten companies.

With the approaching of New Year, some factories start to stop production to undergo repair. The decline in raw materials production boosts market confidence and thus sellers are reluctant to sell at low prices. For the terminal market, the demand seems sluggish due to low enthusiasm for stocking up. Most buyers remain cautious sentiment. The macro trade market has a strong sense of risk, geopolitical and tax policy have certain effects on market capital investment. In the near future, the cost side is still the main favorable factor supporting the mentality of traders, and the trading atmosphere in the market is generally quiet.

Prices of tungsten products on Dec. 27, 2019

China tungsten carbide powder prices image