China’s Tungsten Powder Price Stabilizes with the Approaching of New Year's Day

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices maintain stability as market participants are concerned about the upcoming peak of the epidemic with the approaching of New Year's Day and the Spring Festival holidays. 

Recently, the consumption in the market has been quiet, plus with the pressure of production and transportation, the tungsten market features having price but no sales. Overall, under the support of the strong and resilient Chinese economy, and based on bottoming out since September, the tungsten industry is expected to recover gradually. 

On the macro front, global trade flows fell 2.8% month-on-month in October, according to a preliminary measure of trade flows from The Wall Street Journal. The figure is adjusted for seasonal fluctuations in goods exports between countries, and the fourth straight monthly decline suggested that high energy prices and rising interest rates were sapping household demand for goods and slowing the global economy.

Prices of tungsten products on December 23, 2022

Picture of tungsten needles 

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