China Tungsten Prices May Hold Stable Ahead of Lunar New Year Holiday

China tungsten prices are forecast to hold stable ahead of the lunar new year holiday at the end of January. But market participants continue to fear the impact of geopolitical uncertainty and its effect on global economic development and subsequently on spot demand and prices. Global tungsten markets are likely to recover in the second half of 2020 as supply and demand move closer to balance compared with last year, but political instability and trade tensions in major industrial economies could limit demand growth.

Post time: Jan-14-2020

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