China’s Domestic Tungsten Price Remained Stable in Late February, 2022

Details: Category: Tungsten's News; Published on Monday, 28 February 2022 17:36

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, February 25, 2022. However, some traders considered profit-taking, weakening market confidence.

On the supply side, mining and smelting enterprises have resumed their work successively, resulting in some accumulation of market inventory risks; on the demand side, the back-end manufacturing industry is also facing challenges in the context of the expected decline in GDP growth; on the cost side, low-carbon environmental protection requirements and energy supply issues have exacerbated pressure of production enterprises. Macroscopically, participants mainly pay attention to the impact of uncertain factors such as repeated epidemics, monetary easing, and turmoil in Russia and Ukraine.

Prices of tungsten products on Feb. 28, 2022

China domestic tungsten price image