China’s Domestic tungsten Price Stabilized in Early September
- Category: Tungsten’s News
- Published on Wednesday, 15 September 2021 19:08
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price stabilized after a slight decline in the week ended on Friday September 10, 2021 as the market was weak. With the approaching of the Mid-Autumn Festival and National Day holiday, the supply of raw materials will be subject to certain restrictions, and the confidence in the market will warm up slightly.
In the past two years, the epidemic, climate and other factors have affected the delay of back-end replenishment in the world. Meanwhile, the release of raw material supply has also been restricted, and the cost side has remained high, boosting the overall tungsten market in a volatile upward channel. Although the recent pullback has caused increased disputes among traders about market demand expectations, most industry players are still optimistic about the market outlook. With the normalization of supervision and the promotion of economic stimulus policies and related projects, the industry is expected to continue to improve.
Link to this article：China’s Domestic Tungsten Price Stabilized in Early September
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