Trading volumes in tungsten market were thin last week. Downstream enterprises slowed down their paces to purchase, which was hard to stimulate consumption of demand at the upstream market. Market confidence that is difficult to be built is one of the factors making tungsten price keep falling.
Tungsten market was weak last week, considering the current situation, this week’ may remain weak adjustment. But in the long term, it will be rosy. On the one hand, with the continuous decline of tungsten prices, bearish factors will be digested by the market. On the other hand, there is a lot of uncertainty in the policy and macro as the 19th National Congress is at the corner, so the price is unlikely to fall in the latter market.
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