China's Tungsten Market Shows Steady Gains on June 1, Amid Cautious Trading Activity

GateNews
According to Guru Club, China's tungsten market showed steady gains on June 1, supported by cost pressures at the raw material level and improving sentiment. However, actual transactions remained limited to immediate demand, with the market in a tentative price-discovery phase. Tungsten raw material prices rose modestly as holders maintained firm quotes, while downstream users adopted a cautious purchasing stance. Tungsten powder prices moved higher on cost support, with increased inquiry but limited large-scale deals. The scrap tungsten segment saw more speculative activity and improved liquidity, though overall market sentiment remained conservative.
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GateUser-587cdecevip
· 51m ago
Hop on now!🚗
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