China Tungsten Price Stabilizes on May 19 As the Market Is in a Stalemate.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is unchanged from the previous trading day on May 19, 2021 as the market is in a stalemate. Under rapid recovery of China’s economy and the increase in global inflation expectations, most of insiders are positive about the raw material market. 

However, affected by repeated global epidemics and geographic risks, consumers remain low buying appetite and mainly take a watchful stance. In the short term, the market is expected to continue its stabilization. 

Industry insiders pointed out that the price of tungsten products is basically co-determined by supply and demand, but now is greatly affected by the cost under continued spread of pandemic and global inflation expectations. Considering the increased funds for epidemic protective equipment, logistics and transportation, environmental protection as well as rising prices of oil, coal, natural gas and other energy sources, the tungsten price should easily rise but is hard to fall. Of course, the guiding role of the cost is limited, and the sustainable development of the industry is still inseparable from the performance of the supply and demand side.

Prices of tungsten products on May 20, 2021

Picture of tungsten powder 

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