Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be stable at the beginning of the week. Last week, cemented carbide companies successively issued notices on product price increases because the price of raw materials continued to rise and the cost of production was pushed up. 

At the beginning of the week, the overall China rare earth price has not changed significantly. Although the Spring Festival and the Lantern Festival have just ended, some downstream companies have not yet fully resumed normal production, resulting in a relatively small actual transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the first trading week after the holiday of the Lunar New Year. 

China tungsten price continues to pick up at the beginning of the week. Under the situation of sharp rise in molybdenum prices in the early stage, molybdenum holders generally have a strong willingness to take profits recently.