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China tungsten prices seen stable ahead of CNY holiday

Source: Mysteel Jan 28, 2019 09:30
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Tungsten Industry
Chinese prices of tungsten products are expected to remain stable prior to the start of the Chinese New Year holidays over February 4-10, industry sources said Friday. Market sentiment should receive a little lift because the reduction in supply will likely offset the impact of the dip in demand, they suggested.
As of January 24, the price for 80% W ferrotungsten had spent more than a month hovering at the 17-month low of Yuan 159,000/tonne ($23,413/t) including the 16% VAT. As of last Thursday too, the domestic price for tungsten concentrates of W 65% or higher had stayed at Yuan 95,500/t including the 16%

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Price Curve
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