China Tungsten Price Keeps Stable at the End of February 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability because the market keeps quiet with cautious trading sentiment.  

On the supply side, the release of low-level resources in the market is limited, and high-level resources are relatively increasing, but it is difficult to facilitate transactions. Holders have different attitudes towards the market, and the market center of gravity remains weak. 

In the short term, there are certain restrictions on mine output during the period of the two sessions. If the long-term market is good, they will wait and see the recovery of the demand side.

On the demand side, with the adjustment of domestic epidemic prevention and control measures and the implementation of policies to encourage residents' consumption, the industry believes that the tungsten market has strong potential for consumption. However, short-term market consumption sentiment is suppressed, market recovery expectations have yet to be implemented, and buyers often negotiate prices for inquiries.

Prices of tungsten products on February 28, 2023

Picture of bule tungsten oxide 

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