Latest Update in the China Tungsten Market

SHANGHAI, Mar 23 (SMM) – SMM data shows that China produced 554,800 mt of silicon metal in the first two months of this year.

SHANGHAI, Mar 23 (SMM) – SMM data shows that the prices of 421# silicon metal in Kunming city, Yunnan province, lost 1,400 yuan/mt or 8% from before Chinese New Year (CNY) levels to 17,000-17,300 yuan/mt as of March 21.

SHANGHAI, Mar 23 (SMM) – SMM data shows that the prices of above-standard 553# silicon metal in east China trimmed 900 yuan/mt or 5% from before Chinese New Year (CNY) levels as of March 21.

SHANGHAI, Mar 23 (SMM) – SMM data shows that the Chinese silicon metal market was in a surplus in 2022 amid a sharp rise in production.

SHANGHAI, Mar 23 (SMM) – SMM data on China silicon metal output last year is as below.

Economists have been warning that 1970s-style stagflation could return in the coming more than one year, citing the highest inflation in 40 years in the US and sluggish economic growth.

After the second largest bank failure in U.S. history, the attention of U.S. stock investors began to shift from high inflation to systemic credit risk events.

Last month, Novak announced that Russia would voluntarily cut oil production by 500,000 barrels per day in March, or about 5% of the production level, in response to price cap measures imposed by Western countries on Russian energy.