China Tungsten Price Was in the Upward Trend in the Middle of July

Details: Category: Tungsten's News; Published on Monday, 20 July 2020 18:15

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday July 17, 2020 in the wake of boosted market confidence and good expectation for the supply and de sides. However, considering the instability in the economy and relatively weak demand, deals are hard to increase in the short term.

In the tungsten concentrate market, the flood season and high temperature weather have a certain impact on the production, supply and transportation costs in the southern regions. Given that, sellers are not reluctant to sell products and take a watchful stance for the prices.

Insiders hold different views towards the outlook of APT market. On the one hand, world economy is unstable under the impact of coronavirus; on the other hand, most traders are cautious when industries in the world are recovering. As for the tungsten powder market, the price is expected to stabilize in the short term considering the current market trend.

Prices of tungsten products on July 20, 2020

China tungsten price image