Asian Metal attends International Tungsten Industry Association in Moscow

General manager assistant Grace Guo and Maggie Lee and tungsten market analyst in minor metal department from Asian Metal attended International Tungsten Industry Association (ITIA) held in Moscow on Sep 27, 2017, exchanged and discussed about current international and domestic tungsten markets and the future market trends with representatives from hundreds of domestic and overseas tungsten industry enterprises.

On the morning of Sep 27, the Chairman of ITIA issued opening speech and briefed the delegates on the current market and the meeting. Subsequently, representatives from companies in China, Europe and Russia expressed their views on their respective markets, and interpreted the current tungsten market and market outlook from different points of view.

On the afternoon of Sep 27, Asian Metal met with domestic and overseas representatives from upstream and downstream tungsten companies, and exchanged views on each sectors of the supply chain, development of the tungsten industry in different regions of the world and relative forecasts. In terms of the Chinese market, it is generally believed that the tight supply of raw materials in the near term would continue, affecting the supply of downstream products and prices. So it is expected tungsten prices this year would not crash like last year or the year before. In terms of the international market, most end users pay more attention to the stability of upstream material supply and product quality, hoping to actively expand the purchase channels, establishing a more extensive and stable supply network, dealing with market prices’ impact on prices for end products through a flexible purchase strategy.