China’s Domestic tungsten Price Keeps Quiet in Late August owing to Low Trading Activity
- Category: Tungsten’s News
- Published on Friday, 27 August 2021 17:30
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price continues to keep unchanged in the second half of August with the impact of both demand and macro sides. Affected by the repeated epidemics, the expansion of domestic demand to external demand and the kinetic energy of overseas economic stability have been hindered. However, the supply and cost sides keep supporting the market.
Recently, the second round of the fourth batch of central ecological and environmental protection inspections has been fully launched, once again causing enterprises, especially small and micro enterprises, to worry about environmental protection costs. Under the research and deployment of carbon peak and carbon neutrality, the output pressure of the tungsten industry will increase.
The current upstream and downstream game of the industry chain is slightly tilted to the buyer’s market. Buyers’ low-price inquiries and traders’ appropriate profitable shipments have made the price of spot declined. However, the overall adjustment range is relatively rational, with the support of cost. in addition, the price increase of tungsten powder back-end cemented carbide products also requires raw materials to maintain firm support in order to slowly follow up and truly implement the transaction volume.
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