China Tungsten Price Kept Stable in Early June, 2022

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable on the whole in the week ended on Thursday June 2, 2022 as the market was in a stalemate and most participants kept cautious sentiment. 

On the one hand, the epidemic situation has improved, but it is still complicated and severe. The repeated risks that exist bring inconvenience to the stable circulation of the tungsten industry, and the market trading activity is limited. On the other hand, a package of measures to stabilize the domestic economy and promotion fees will be beneficial to the release of demand for tungsten products. 

Judging from the measures that have been introduced, consumption in infrastructure, automobiles and other fields is expected to continue to stabilize and recover. However, looking at the international situation, under the background of the epidemic and the conflict between Russia and Ukraine, the world is still facing the risk of inflation and economic recession, and the external negative and positive pressure will gradually be reflected in the multi-faceted game of supply and demand, cost, and capital in the tungsten market. The sentiment of the traders generally maintained rational and the transactions were mostly negotiated.

Prices of tungsten products on June 6, 2022

Picture of tungsten rod 

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