2019 PREVIEW: Trade fears hinder China’s tungsten market; US spat downplayed

摘要

After a disappointing end to 2018, participants in China’s tungsten market have remained on the sidelines throughout January amid expectations that the market will continue to weaken as a result of limited buying interest both domestically and abroad ahead of the Chinese New Year holidays early next month.In addition, sentiment in China’s domestic tungsten market remains decidedly pessimistic owing to the country’s continued trade tensions with the United States and the threat of overhanging ammonium paratungstate (APT) stocks from the failed Fanya Metal Exchange.