Analysis of latest tungsten market in China from Chinatungsten Online: The convening of the 19th National Congress on Wednesday is the focus of the market as the policy and news linkages may have a great effect on the quiet tungsten market. Before the meeting, domestic market without stimulating motive powders has light trading, businesses turn negative on the latter market and tungsten products price remains weak.
The government has put more on environmental protection and safety inspection at mines. It is reported that Zhangyuan Tungsten will stop production all together to do maintenance from Oct. 16, so the supply in the market is expected to decrease. After the continuous callback, tungsten concentrate price get support at $16,279 per tonne.
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