China Tungsten Powder Price Stabilizes on Complex International Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten powder and cesium tungsten bronze prices remain weak adjustment because the market is quiet. Insiders are worried about the impact for downstream consumers from sluggish international markets and environmental protection costs squeezing the profits. Therefore, they are not active in trading, waiting for new guidance. 

On the negative side, the complex international economic and trade environment, significant geopolitical risks and a second wave of Covid-19 have led to uncertain global economic prospects. Moreover, the development quality and efficiency of domestic tungsten industry needs to be improved, resource advantages can not be fully utilized, and structural contradictions in the industry are still prominent. It is hard to increase the price of tungsten raw materials under the situation. 

On the positive side, in addition to the support of supply control and production costs, the current industry expects the demand mainly on domestic market, especially the key development of traditional and new infrastructure will help the consumption of downstream tungsten products, including high-speed tools steel, cutting tools, 5G industry, etc.

At present, it will take some time for the recovery of international demand and the increase of domestic consumption. Under the unstable macro environment and outstanding industry fundamental contradictions, the tungsten market is under pressure and is expected to be weak in the short term.

Prices of tungsten products on October 21, 2020

Picture of tungsten trioxide 

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