Chinese tungsten Prices Are Weak on Capital Pressure
- Details
- Category: Tungsten’s News
- Published on Friday, 30 November 2018 18:09
Analysis of latest tungsten market from Chinatungsten Online
Chinese tungsten prices remain weak adjustment due to weak demand and capital pressure. Insiders now have a low confidence for the market in December. But for miners, they have strong willingness to stabilize the market.
Terminal purchasers try to force prices down, with limited space, plus with the difficulty in receiving new orders for the industry, downstream factories remain low activity in buying raw materials. On the whole, market trading is thin. Businesses are waiting for the new guide prices from Ganzhou Tungsten Association and large tungsten enterprises.
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