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China Tungsten Prices Continue to Rise in Late September

Posted by: Chris Na 2021-11-17 Comments Off on China Tungsten Prices Continue to Rise in Late September

China tungsten Prices Continue to Rise in Late September

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Category: Tungsten’s News
Published on Friday, 27 September 2019 16:19

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to be in the upward trend benefiting from rised new guide prices from large companies boosting market sentiment. Raw material manufacturers are eager to fill the gap of decreased profits caused by persistent low tungsten prices, so product prices are raised sharply. With the approaching of National Day holiday, the whole market trading would be quiet.

For the supply side, seller's strong rised mentality help the rise in prices. Now the supply shortage is expected to continue. First, Chinese environmental protection controls the production in tungsten mines; second, smelting factories reduce or stop production under the pressure of price inversion; finally, the heavy rains and high temperature in summer also decrease the producing activity. 

For the demand side, the cost side keeps firm and sellers raise their offers. But terminal users still are not willing to purchase high-price resources. Downstream alloy companies generally said that this round of rising mainly replies on good confidence and high costs, instead of improved demand. Also, although Fanya stocks have been auctioned, it is uncertain for the consumption.

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