Analysis of latest tungsten market from Chinatungsten Online

In February 2024, the overall trend of China's tungsten market showed a stable and upward trend. The main factors supporting the market were the reluctance of tungsten mines to sell and support the market. 

At the beginning of the week, Chinese molybdenum market presented a stable but slightly stronger pattern, primarily attributed to the optimistic sentiment of mining companies towards holding sales. 

At the beginning of the week, Chinese rare earth price showed a downtrend trend, mainly due to factors such as slow purchasing pace of downstream users, strong resilience of manufacturers' production capacity, ample market spot supply, the month-on-month decline in the listing price of Northern Rare Earths, and news of Apple abandoning its car-making plans. 

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market maintains a firm and steady trend, mainly supported by the firm attitude of mine-side sellers, while traders and downstream enterprises maintain a firm stance on offers in line with cost, but actual consumption momentum lags slightly behind, with industry players awaiting updates on the news front after the change of month.