Analysis of latest tungsten market from Chinatungsten Online

On the first day of work following the 2024 Spring Festival, the Chinese tungsten market remained relatively calm, with the overall fundamentals continuing the pre-holiday supply-demand weak balance. Various news is currently unclear, and market participants are holding a wait-and-see attitude.

Chinese molybdenum price maintains stable operation overall on February 19, 2024, mainly attributed to the recent end of the Spring Festival holiday, during which market circulation has not fully recovered. 

Chinese rare earth market maintained sideways trading overall on February 19, 2024. Although the market saw subdued buying sentiment and relatively low trading activity, suppliers showed limited willingness to offer discounts due to the current low prices of rare earth materials. 

Chinese rare earth market overall maintains a weak and stable trend as before the holiday. On the first day after the end of the Spring Festival holiday, although many suppliers have not yet entered normal operation and logistics transportation is relatively slow, some downstream users are still willing to make purchases.