China Tungsten Price Stabilized after the Holiday of Mid-Autumn Festival

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the first trading day after the holiday of Mid-Autumn Festival as the whole market is caught in heavy wait-and-see atmosphere. 

Regarding to the raw material market, manufacturers still have strong rised mentality when the costs of raw materials and processing keep rising. The demand both at home and abroad continues its weakness, and participants will mainly pay attention to actual deals before the holiday of National Day. 

There is still uncertainty about the epidemic in China’s Fujian province, which will affect the production and transportation of raw materials such as some mines and powders. In addition to the holiday effect, the market as a whole will remain quiet in the short term.

Prices of tungsten products on September 23, 2021

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Picture of tungsten ore 

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