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.
