China Tungsten Price Stabilized in Early October on Quite Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the first trading day on October 9 after the holiday of Mid-autumn Festival and National Day. With less than one month remaining before the presidential election in the United States, plus with many uncertainties under the continued spread of Covid-19, most market participants mainly take a watchful stance. And now, the new average tungsten forecast prices from associations and listed companies are the focus of the market. 

In terms of news, China’s Manufacturing Purchasing Managers’ Index (PMI) was 51.5% in September, an increase of 0.5% from the previous month. The production index, new order index and supplier delivery time index were all above the threshold, raw material inventory index and employment index were below the critical point, indicating that China's economy has maintained a steady recovery and the manufacturing industry has rebounded slightly.

Prices of tungsten products on October 10, 2020

Picture of tungsten trioxide 

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