Maintaining Industry Confidence Is Important to the Development of Tungsten Market

The tungsten prices in China remained weak adjustment in the week ended on Friday October 25, 2019 affected by the decline in new guide prices from listed tungsten companies early this week. the increased supply of raw materials but requiring lower prices of buyers made the market deadlocked. 

  In the tungsten concentrate market, miners faced pressure of sales and adjusted their offers with some profits. Downstream enterprises waited for terminal demand and thus were cautious to stock up. The whole market was in a stalemate with declined prices. 

  Some traders pointed out that low prices can not effectively boost the real needs of the terminal. On the contrary, it is expected to push the consumption ahead of time, dragging down the ahead of time for a long time. Therefore, maintaining industry confidence and promoting high-quality industrial development are two important directions that drive the sustainable development of the tungsten  market.