Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices tend to be stable in the second half of February 2023. Although the new round of long-term contract prices of large tungsten enterprises has a pullback, it shows strong resilience. The adjustment range of the guidance price is limited. The market sentiment of tungsten raw materials is still strong, but the circulation is limited.

China tungsten market remains stable on Feb. 22, 2023 because the supply-demand relationship in a weak balance. The buying and selling atmosphere in the market is slightly calm, which is mainly reflected in the small number of new orders and the difficult rise and fall of molybdenum prices.

China’s domestic praseodymium, neodymium, dysprosium and terbium markets still maintain a weak operation on February 22, 2023, mainly reflected in the decline in the price of rare earth raw materials, the low sentiment of traders entering the market, and the small actual transaction volume. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues its stalemate when market participants are waiting for the next move in the market. Meanwhile, the limited decline in new guide prices from listed tungsten companies also supports market confidence to some extent.