Price of Tungsten Products on Nov. 31 2024

科技   2024-11-01 10:53   福建  

Analysis of latest tungsten market from Chinatungsten Online


In October 2024, the Chinese tungsten market exhibited a generally stable and stagnant state for most of the month. The fundamentals showed a strong supply but weak demand, with a robust internal economy contrasted by a weak external environment. Traders adopted a cautious and demand-oriented wait-and-see attitude amidst the complexities of the market dynamics. 

Overall, the tight supply at the tungsten mine level provided a relatively firm outlook, maintaining a slight upward trend in prices. However, short-term domestic consumption incentives have had limited positive effects on alloy demand and the industry’s economy, resulting in a cautious trading atmosphere and ongoing negotiations with fluctuating focal points.

Looking ahead, tungsten product prices will continue to be influenced by the supply-demand relationship and macroeconomic policy environment, among other factors. Industry participants believe that the tightness of mineral resources and rising costs will provide an upward basis for tungsten market trends. However, under the complex economic and geopolitical landscape, the demand outlook remains unclear, and tungsten price trends may still exhibit fluctuations. In the short term, stakeholders are watching for post-month-end quotes from institutions and tungsten enterprises, as well as potential adjustments to national policies and financial market volatility stemming from the U.S. elections.

Chinatungsten Online

+86 592 5129595,5129696

www.chinatungsten.com

news.chinatungsten.com

Follow us to get latest price/news of W&Mo

中钨在线
免费钨制品中英文、图文+视频+音频钨价播报:钨市场行情分析、今日钨价直播、钨精矿、氧化钨、钨粉、碳化钨粉、硬质合金、高比重钨合金报价、钨制品、辅助材料信息共享平台、钨产业信息、钨制品交易、撮合、钨业大数据、钨业科研资讯咨询、钨制品成本分析。
 最新文章