Due to their similar properties, tungsten and molybdenum have an associated relationship, which is relatively common in mineral resources.
China tungsten price was in the upward trend in the week ended on Friday July 31, 2020, but affected by the weakness both in the supply and demand sides, transactions were poor at the end of this month.
Opening this week, the tungsten price in China remained weak adjustment as traders were active in selling products, but buyers still took a watchful stance. The whole market is quiet with rare transactions concluded.
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In 2017, tungsten market out of the market "haze" after nearly three years of downturn, the price gradually return to the rational, the industry situation continued steady. The performance is as follows: First, the output of tungsten concentrates remained stable
Domestic tungsten market to maintain a solid position, the holiday has just ended, the market has not fully involved in trading activities, the relevant agencies at the beginning of each month and the average price of several major tungsten enterprises expected to be released soon.
Domestic tungsten goods prices rose sharply yesterday, tungsten raw materials supply shortage continues to mobilize business prices, but the terminal market does not buy it, tungsten market transactions actually sluggish, carbide industry profits suffered the most squeeze.
According to customs statistics show that in June 2017 China's tungsten ore imports were 136.61 tons, the chain in May 2017 237.867 tons down 42.57%; year in June 2016 215.828 tons down 36.70%.