Chinese rare earth market is overall maintaining stable operation on February 5, 2024. With the approaching Spring Festival holiday, downstream users have essentially completed their procurement plans, and logistics operations are relatively slow. 

Chinese molybdenum price has shown no significant change for now, and is expected to be stable during the holiday of Chinese Spring Festival. With the approaching festive atmosphere of the Spring Festival, the operational sentiment of traders has noticeably decreased, resulting in limited new orders.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has generally shown a stable upward trend in the week ended on Friday, February 2, 2024, with the main driving force coming from a positive sentiment in holding and anticipating a rise in tungsten raw materials. A new round of quotations from large tungsten enterprises continues to boost the confidence of market participants.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable at high levels, with major tungsten enterprises and institutions updating their quotations at the beginning of the month.