Skyrocketing Tungsten Price
Skyrocketing Tungsten Price
Recently, the prices of tungsten materials such as tungsten ores, tungsten oxide, tungsten trioxide, APT, AMT, tungsten acid and also tungsten powder, tungsten carbide powder, the major non ferrous metal keep increasing greatly. Many people who intend to buy tungsten products find the price is increasing so quickly that they have never expected. In fact, there are several reasons for the skyrocketing price.
First of all, the owners of ore mine keep the mineral on their hands and not willing to sell the materials, expecting the price may go much higher. They will not sell the materials until the price reaches the highest point, and then they can make large sum of money.
Besides, due to the upcoming Spring Festival, most of the manufactures stopped their machines and prepared the overall check and regulation. So the national total tungsten production volume is dropping greatly. With so little tungsten products in the market, no doubt the price keeps increasing.
And the Spring Festival in February is estimated to last 20 days to one month, and experts in tungsten industry believe during this period, the tungsten price will maintain a skyrocketing trend.
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