Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices have risen again at the lunar year’s end, primarily due to tight supply in the tungsten ore sector, a condition expected to persist until after the Lantern Festival. Market sentiment may remain volatile through the National People’s Congress sessions. Recent market quotations have been firm, with major tungsten enterprises adjusting their second-half January long-term contract prices upward on Monday. However, market activity is slowing as the year-end approaches, with many companies beginning holiday shutdowns and actual transaction volumes declining.On January 20 (Eastern Time), Donald Trump was sworn in as the 47th President of the United States in the Capitol Rotunda. Following the inauguration, he signed a series of executive orders, including withdrawal from the World Health Organization, withdrawal from the Paris Agreement on climate change, and the revocation of nearly 80 executive orders issued by the Biden administration.Chinatungsten Online
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