Long-term weak demand of tungsten, in short term, tungsten market rebound is hopeless

Trading volume of tungsten spot market is still low, limited by long-term weak demand, nowadays, the market is totally the buyers’. Many products’ quotations and deals are below everyone’s expectation, such as tungsten concentrate, APT, tungsten powder, etc. In short term, tungsten market rebound is hopeless.

Macroscopic news, China “national book” has come out, can cope with 1.5 times’ financial crisis. Our crude steel yield drops the first time for recent 20 years, the large-scale recombination of structure is imperative.