Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, and the market consumption status continues to be weak, suppressing overall trade confidence and market sentiment. 

This week, the overall situation in the Chinese rare earth market remains relatively stable. At the beginning of the week, influenced by increased downstream inquiries, moderate spot supply, and strong support from production costs, prices of praseodymium, neodymium, dysprosium, and terbium series products remained stable. 

This week, the overall focus of the Chinese molybdenum price has not shown significant changes. 

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. 

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 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. 

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. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices continued to maintain stability, with the market's fundamental supply-demand balance being upheld. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to stabilize in the week ended on Friday, January 19, 2024, with a prevailing atmosphere of industry chain negotiations and cautious market sentiment. Market trading activities are not very active, and the overall situation remains stable, with a festive atmosphere building up.

At the beginning of the week, the overall domestic rare earth prices remained stable, mainly due to limited room for suppliers to offer discounts and increased enthusiasm for inquiries and purchases from downstream users.