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China’s Domestic Tungsten Price Remained Stable in Early June

Posted by: Fymicohuang 2021-06-16 Comments Off on China’s Domestic Tungsten Price Remained Stable in Early June

China’s Domestic tungsten Price Remained Stable in Early June

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Category: Tungsten’s News
Published on Wednesday, 16 June 2021 10:49

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the week ended on Friday, June 11, 2021 in response to quiet market trading and cautious sentiment of participants. 

Due to increased cost input in environmental protection, epidemic prevention, and production technology, manufacturers were not willing to cut profits for more sales, and downstream demand remained low buying appetite. Therefore, market transactions were rarely concluded. 

China’s listed tungsten companies stabilized their bid prices for early June and associations also unchanged the average tungsten forecast prices, which has weak guidance to the market. In addition, the impact of macro news on the industry is not prominent. In the short term, the market is expected to continue its stability.

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