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Analysis of latest tungsten market in China from Chinatungsten Online: “Confidence is worth more than gold” is applicable to the tungsten market, particularly when there is no hedging in the market. In the long-term, supply and demand determine tungsten price, confidence in the short-term. When tungsten price rises, market confidence will grow, which boosts price at high speed. On the contrary, prices will decline when customers are depressed.

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