The tungsten prices in China continues to climb as the average tungsten forecast prices from large institutions and offers from listed companies were raised. Tungsten ore sellers and smelting factories have strong willingness of rebound and thus their quotation rise slightly.
However, the Fanya stocks have not yet settled, and the recovery of terminal demand is still unclear under the unstable global economic climate. Traders’ purchasing sentiment is cautious, and the trading in the spot market reply on actual needs. Tungsten powder enterprises compete with each other on sales and capital pressure, and downstream users are not willing to stock up due to high raw material prices. The whole tungsten market is caught in heavy wait-and-see atmosphere with the approaching of the Mid-Autumn Festival.
Post time: Sep-17-2019