Chinese Tungsten Prices Stabilized on Quiet Market Activity

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices tended to stabilize in the week ended on Friday February 28, 2020 as the market is in a stalemate. Enterprises gradually resumed production, increasing the supply of raw materials. But the logistic was still affected by the coronavirus, especially to Korea and Japan. As a result, transactions were limited. 

Most sellers in the industry remained rised mentality. Although they were willing to decline product prices for more sales, the price decline would be small. Downstream buyers with negative mentality were reluctant to purchase, mainly consuming their inventories or remaining rigid demand. In the short term, the whole market will be caught in wait-and-see atmosphere, waiting for the next move in production, epidemic prevention and control and new guide prices from listed companies.

Prices of tungsten products on Mar. 2, 2020

Picture of tungsten powder 

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

• < Prev
• Next >