Analysis of latest tungsten market from Chinatungsten Online

The overall tungsten price remains stable, with firm quotations in the primary market. Followed by smelting products, prices remain strong. After the release of quotations by major tungsten enterprises, there is a localized sentiment of exploring price increases. 

The overall domestic rare earth prices have shown no significant changes on January 24, 2024. With a slightly stagnant atmosphere in negotiations between buyers and sellers, the market activity is relatively low, and the order growth is slow. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to remain stable before the Spring Festival. From the guide prices of major tungsten enterprises in the second half of the month, it can be observed that the market sentiment is mainly stable or slightly bullish. 

The domestic Chinese molybdenum market is overall operating steadily. Under the influence of various uncertainties, the negotiating atmosphere between supply and demand is slightly stagnant, resulting in a lukewarm market and difficulties in adjusting product prices.