How Would a Second Wave of Covid-19 Affect China Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China shows weak in the week began on Monday October 10, 2020 as a second wave of Covid-19 is affecting markets all over the world. Market participants in China worry about the import and export under the coronavirus. Moreover, the market faces many uncertainties with the approaching of US election. 

The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and various market participants worry about the consequences that any new restrictions or lockdowns could have for the tungsten sector. In addition, Covid-19 is still spreading rapidly in India, American and Brazil. 

Many suppliers have to lower their offers to secure limited inquiries amid weak consumer demand. But buyers still take a watchful stance, waiting for the next move in the market. Therefore, the market trends to be quiet. In the short term, the tungsten market is expected to be in a stalemate.

Prices of tungsten products on October 15, 2020

China tungsten price image

Picture of yellow tungsten oxide 

yellow tungsten oxide image

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