China Tungsten Powder Price Continues to Stabilize on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten powder and cesium tungsten bronze prices are unchanged from the previous trading day as the market is in a stalemate in the second half of September.

On the positive side, the effective prevention and control of domestic epidemic and the improvement of economic situation have a certain boost to trading environment; the gradual recovery of downstream automobile, 3C and other industries benefits the recovery of industrial consumption; environmental protection has a certain impact on the operating rate of the industry around the National Day: low-price resources are hard to find and the room for price cuts is limited. 

On the negative side, continued spread of epidemic around the world affects the recovery of economy; the uncertainty of geopolitical risks in various countries is high; demand side is weak but supply increases, the market is deadlocked; the market in Golden September fails to meet market expectations, plus with the decrease in new guide prices for the late September, market confidence is weakened.

Overall, more tungsten suppliers consider profit-taking for the time being, but considering high production costs, they are reluctant to cut price sharply. Mainstream tungsten product offers mainly refer to new guide prices. In the short term, market participants will continue to take a watchful stance for the next move in the market.

Prices of tungsten products on September 24, 2020

Picture of tungsten powder 

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