Chinese tungsten prices stabilize but start to show sign of rise in the week ended on Friday July 19 as more and more enterprises replenish raw materials, easing the worry of persistent weakness in the demand side.
Opening this week, the first batch of the central environmental protection inspection team stationed in major tungsten producing areas. In addition, the ore grade is gradually reduced and the smelting enterprises joint together for output cuts. Given than, most sellers are reluctant to sell at low prices. However, downstream still remain low enthusiasm in purchasing and smelting factories reduce production to stabilize offers. The whole market trading now is still low.
Post time: Jul-22-2019