The overall situation of the China’s domestic rare earth market has improved slightly at the beginning of February 203. Under the influence of many uncertain factors, the transaction volume of the light and heavy rare earth market is sluggish and its trend is slightly different. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has made a steady start after the holiday of the Lunar New year. First, with the impact of the holiday, now the market resources are tight and thus suppliers continue to raise their offers. 

The overall China’s domestic molybdenum market continues to be strong at the beginning of February 2023. Although the price of molybdenum products has risen sharply last month, some industry players have become more worried about the market outlook, and they mainly wait and see the market. 

At the beginning of the week, China rare earth price continued to run smoothly as before the Spring Festival, mainly due to the fact that the Spring Festival holiday has just ended, and the upstream and downstream enterprises in the industrial chain have not yet fully resumed normal production and operation.