Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to maintain stable, with a prevalent observation of sellers being cautious and adopting a wait-and-see approach. Industry players are currently focusing on the progress of downstream inventory replenishment before the Spring Festival. However, there is a limited increase in new order volumes at present.

This week, China molybdenum prices exhibited a pattern of initial increase followed by a decline. At the beginning of the week, influenced by the reasonable prices for steel purchases and a strong willingness among suppliers to maintain prices, molybdenum prices continued the slight upward trend from the previous week. 

This week, the overall domestic rare earth prices in China continued the significant decline from the previous week. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price trend is currently stabilizing, and the specific directional news after the New Year is still unclear.