Tungsten Market Stabilizes after The Fall
Tungsten market stabilizes after the fall. For the market outlook is up or down, optimists think that the current tungsten price has stabilized and the market inquiry also increased slightly, then the tungsten price will rebound slightly; but pessimists think that in the first half year, the domestic and international market demand is fatigued and weak, tungsten price’s rising always lack of support.
Global tungsten supply is shortage.
China's tungsten production accounted for more than 80% of the world total tungsten output. Tungsten export has sharply cut back. Now China has become a net importer of tungsten metal. There is no any signs of loosening control to tungsten export in China. Tungsten is used in the domestic manufacturing industry. Therefore, the rest of the world will find another new source of tungsten supply. Russia has some tungsten reserves, but the 70% of tungsten reserves left for domestic use. People also recycle tungsten from the existing equipments, but even this source has also been applied to the limit, but new resources are not enough. At present, removal of China and Russia, only five tungsten ore are the global market's main suppliers. A recent British geological survey report published the existence economic value of "endangered" metal list which tungsten metal topped the list.
Recently, international tungsten price continued to rise slightly because of tight supply; the international APT market prices declined sharply. These phenomena again reflect the current weak
domestic and international tungsten demand. Tungsten market stabilizes after the fall.
At present, tungsten market stabilizes after the fall. For the market outlook is up or down, optimists think that the current tungsten price has stabilized and the market inquiry also increased slightly, so the tungsten prices will rebound slightly; but pessimists consider that tungsten prices’ rising always lack of support. For the short term, domestic tungsten ma
Global tungsten supply is shortage.
China's tungsten production accounted for more than 80% of the world total tungsten output. Tungsten export has sharply cut back. Now China has become a net importer of tungsten metal. There is no any signs of loosening control to tungsten export in China. Tungsten is used in the domestic manufacturing industry. Therefore, the rest of the world will find another new source of tungsten supply. Russia has some tungsten reserves, but the 70% of tungsten reserves left for domestic use. People also recycle tungsten from the existing equipments, but even this source has also been applied to the limit, but new resources are not enough. At present, removal of China and Russia, only five tungsten ore are the global market's main suppliers. A recent British geological survey report published the existence economic value of "endangered" metal list which tungsten metal topped the list.
Recently, international tungsten price continued to rise slightly because of tight supply; the international APT market prices declined sharply. These phenomena again reflect the current weak
domestic and international tungsten demand. Tungsten market stabilizes after the fall.
At present, tungsten market stabilizes after the fall. For the market outlook is up or down, optimists think that the current tungsten price has stabilized and the market inquiry also increased slightly, so the tungsten prices will rebound slightly; but pessimists consider that tungsten prices’ rising always lack of support. For the short term, domestic tungsten ma
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