When Tungsten Prices Can Stop Declining?

       

Analysis of latest tungsten market in China from Chinatungsten Online: Recently, tungsten market moved forward tiredly, products prices were difficult to boost, market confidence continued to be weakened and the demand that used to be stable became weak under the depressed market sentiment. After hitting the historical high in August, tungsten prices fell sharply, disappointing the expectation of sustained high price.

Tungsten prices are easy to fall or rise, which has been repeatedly proved in the industry, but the substantial change this year also exceeds market expectations. The reasons for price rise are: the improvement of supply and demand, environmental protection policy causing the shortage in market supply, the better demand in the terminal market boosting market demand, market sentiment and external funds accelerating the price rally. As the price declines and capital flows out, market sentiment returns to rational. Tungsten price is expected to come closer to the price determined by supply and demand.