Upstream Increase The Offer The Tungsten Price Rise In Steady

Details: Category: Tungsten's News; Published on Monday, 27 April 2015 19:04

In the last year, tungsten industry has been developing under a promising condition. The remarkable exploration volume of over one million tons of proven reserves has laid a material foundation for the long-term industrial growth.

Affected by the upstream price adjustment, downstream firms might increase stocks and consequently stimulate the market craze. In the meantime, downstream tungsten market will give a higher offer according to the increasing raw material price. It is believed that the price adjustment is influenced by two parts. On the one hand, tungsten processes a high value. On the other hand, the tungsten supply is limited as the goverment's mining policy was strictly meted out that the whole industry is highly simplified.

It is analysed from the macro aspects that, despite the risks of economic downturn, the industry prospect is generally good. Currently, the whole industry is in a low inventory and the need to restock will gradually grow with the economic recovery. How will future price change requies a macroeconomic and political foresight. One of the risks that should be noted is the the application of alternative products.

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