China Tungsten Price Remained Stable in the Second half of November 2023

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has shown a relatively stable trend in the week ended on Friday, November 24, 2023, mainly attributed to the upward adjustment of long-term contract prices released by large tungsten enterprises and the initiation of environmental inspections. 

These factors have boosted the market sentiment on the tungsten raw material side. Additionally, the depletion of low-level resources from the previous period has slightly eased the situation of offering concessions in the market. However, due to the sluggish demand in the market and the instability of the international economic and geopolitical conditions, the enthusiasm of buyers to enter the market for stocking remains low. Actual transactions in the market are cautious and negotiated as needed.

On the macroeconomic front, economists gathered at the "2024 Caixin Annual Conference: Predictions and Strategies" to discuss the global economic situation. Zhu Min, Vice Chairman of the China International Economic Exchange Center and former Deputy Managing Director of the International Monetary Fund (IMF), suggested that 2024 would be a "mediocre year" for the world economy, characterized by moderate growth. Experts discussed challenges facing the global economy, including promoting medium-term growth, controlling global inflation, revitalizing global trade, supporting low-income and more fragile countries, and addressing climate change.

Prices of tungsten products on November 27, 2023

Picture of tungsten acid 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >