Steady Upward Trend in China Tungsten Prices Amid Supply Tightness

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing a steady upward trend. This is partly due to the positive macroeconomic environment and increased liquidity, which are supporting market sentiment. 

Additionally, the upward adjustment of tungsten company guidance prices and the reluctance of raw material suppliers to sell have further strengthened market confidence in a bullish outlook.

However, it is important to note that the supply-demand stalemate has not significantly changed. The instability of the macroeconomic situation and ongoing geopolitical conflicts continue to affect consumer demand. While the tungsten industry benefits from looser liquidity and tighter raw material supply, caution is still needed regarding risks related to insufficient demand and cyclical market sentiment adjustments. Furthermore, the volatility in the broader macro environment remains a key factor to watch closely.

Prices of tungsten products on October 10, 2024

Picture of tungsten alloy tubes 

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