From foreign markets, the global economy continues to show good recovery, but the risk factors increase, the international monetary fund (IMF) released on 16 July, according to the world economic outlook report in 2018 and 2019, global growth is expected to reach 3.9%, but decreased the balance of economic expansion, the United States recently announced the and expected to raise tariffs and trade partner of retaliation, cause is more likely to be escalating, persistent trade action, which may slow the recovery process, the medium-term growth prospects have been suppressed. However, the demand for
tungsten in the European market remains strong, and a trade war between China and the us will not have a direct impact on the tungsten market. The production of foreign tungsten concentrate has remained stable on the whole, the level of raw material inventory is still low, and the tight market supply has not changed fundamentally.
On the whole, the stable downstream demand for tungsten at home and abroad, stable growth of tungsten concentrate output, further easing of the contradiction between supply and demand, strengthened safety and environmental protection supervision, and rising costs have effectively supported the stable price of tungsten market. Tungsten market prices are expected to fluctuate in a narrow range, will continue to maintain a smooth operation.
