This week, Chinese rare earth price has shown a trend of fluctuation and decline, mainly attributed to the strong bearish sentiment in the market and limited support from bullish factors. 

Analysis of latest tungsten market from Chinatungsten Online

In March 2024, Ganzhou Tungsten Association (GTA) forecasts the tungsten average prices and the long-term contract prices of major tungsten enterprises for the first half of the month have been gradually released, confirming the upward trend of recent tungsten raw material prices, while continuing to boost market confidence. 

This week, Chinese molybdenum price continued the trend of fluctuating upward since late February. This is mainly due to several factors including a decrease in molybdenum production in certain regions domestically and internationally in January, stable international molybdenum market conditions, multiple oil price increases, and frequent extreme weather conditions. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market has maintained a stable and robust trend after the Lantern Festival, with smelters and downstream manufacturing enterprises gradually resuming operations.