Tungsten Prices in China Remained Weak as Offers for November Declined

The tungsten prices in China remained weak adjustment in the week ended on Friday November 8, 2019 due to the decline in tungsten forecast prices and new offers. Sellers has strong willingness in stabilizing current market prices, but the market was weak and the terminal side was under pressure.

With the profit cuts of smelting factories, market transactions were hard to increase. Under the risk of price inversion and increased inventories, factories slowed down the activity of production with heavy wait-and-see atmosphere. Downstream users has not the requirements for consuming raw materials, and purchasers required lower product prices. The differences in psychological prices between buyers and sellers have widened, and the deals of spot resources became more difficult. The whole market prices were in the downward trend.

Post time: Nov-12-2019

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