Analysis of latest tungsten market
China tungsten prices remained weak adjustment on continued weak demand side and sentiment of seeking for lower prices. The decline in new offer levels of listed tungsten companies shows it is may not the time for the market to bottom out.
China’s dispute with America once again become a “frozen” conflict; upstream and downstream in the industry chain also meet disagreement on transaction prices, plus with some enterprises tend to cut down product prices under capital shortage pressure, the spot market maintains quiet trading atmosphere. In the short term, market participants would pay more attention to tungsten forecast prices for the second half of June.