China Tungsten Price Remained Stable with a Cautious Outlook in the Middle of September 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained relatively stable with a cautious outlook. Market transactions continued to stagnate, and while there was some relaxation in tungsten raw material prices, holding traders remained confident in supporting the market. 

Overall, there was limited room for price adjustments. Intermediate traders and downstream users maintained a cautious approach to procurement, resulting in subdued trading activity.

On the macro front, the supply and demand relationship in the consumer market improved in August. According to data from the Bureau of Statistics, China's consumer price index (CPI) rose by 0.3% month-on-month in August, a slight expansion, and turned from a decrease to a year-on-year increase of 0.1%. The industrial producer price index PPI increased by 0.2% from a month-on-month decrease and decreased by 3.0% year-on-year, with the decline narrowing slightly.

Prices of tungsten products on September 12, 2023

Picture of tungsten alloy plate 

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