China’s Domestic Tungsten Price Remains Strong in Early May

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains strong in the wake of the rise in new guidance prices for May and the strength of metal futures prices recently. The confidence in the market was shored up significantly and raw material suppliers have strong rised mentality. 

However, the demand side is not active, especially the export market is facing economic and trade risks as well as cost pressure. Traders worry about the stability of supply and demand relations and the whole market tend to be stable. 

In the terms of news, among the 21 shipping lines in the world, the freight index of 16 lines increased, and only 5 lines decreased. Among the major ports along the "Maritime Silk Road", there are 12 ports’ freight index increased. Insiders thought that it is difficult for container shipping prices to drop before September this year.

Prices of tungsten products on May 11, 2021

Picture of cesium tungsten copper

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