Tungsten Heater Gets Good Prospects in the Second Half of the Year

At present, influenced by the brexit, global economy has been badly hit. In order to handle growth risks and uncertainties of global economic, it is estimated that the world's major countries will launch a new round of monetary easing. IMF (International Monetary Fund) has also called for central banks around the world to prepare to take action to increase liquidity in order to reduce economic volatility. A new round of monetary easing policies of central banks around the world will gradually lead to competitive devaluation of national currencies. As a result, supply of the global funds will become abundant. In addition, the brexit or trigger more countries exit from EU (European Union), and even European Union would disintegrate, that means the euro will disappear forever, which would bring tremendous shock to world's political, economic and currency pattern. Although the probability of this is very small, but as unpredictable uncertainties expected, it still exists, which would affect investment, and then become hidden power to promote the prices rise of non-ferrous and precious metals. Relatively loose and comfortable monetary policy can promote the new round of rising of prices of energy and non-ferrous metal, the stock market is also significantly warming. It is expected that due to the loose monetary policy and more fiscal policy, the second half of the year of Chinese non-ferrous metals demand will continue to grow.

Tungsten is one of non-ferrous metals, and overall environment of China's non-ferrous metals in the second half of the year would promote development of tungsten heater. However, China's huge production capacity will still persist, the supply will increase with the rise of prices, resulting in heavy market pressure, and brexit would attack the euro and pound sterling, so market participants also need a high degree of vigilance, country and enterprise should always pay attention to market dynamics.

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