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China Tungsten Market Maintains Stability after the Holiday of Spring Festival

Posted by: Chris Na 2021-11-20 Comments Off on China Tungsten Market Maintains Stability after the Holiday of Spring Festival

China tungsten Market Maintains Stability after the Holiday of Spring Festival

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Category: Tungsten’s News
Published on Saturday, 20 February 2021 17:17

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market maintains stability after the holiday of Spring Festival as most market participants take a watchful stance without any guidance in the market. 

The operating rate of mining companies remains low level. Some of them plan to resume work after the Lantern Festival. Moreover, the overall production capacity will also be affected by relevant environmental protection policies before the Two Sessions in March. APT companies resume work gradually, but the release of capacity will take a certain period. For the tungsten powder market, most companies operate normally during the holiday. Some of them are scheduled to take a break in March.

At present, the tungsten market is still driven by the cost side, and market participants have strong rised mentality. But how the late market performs remain unclear. 

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