Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price remains at a high level with a stalemate in the market, where there are divergences in trading psychology. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten prices remain stagnant with a further increase in tungsten product resources after the Lantern Festival. 

Chinese rare earth prices are fluctuating within a narrow range, with the atmosphere of negotiations between buyers and sellers somewhat stagnant due to the mutual influence of positive and negative factors. Consequently, market trading activity remains low, and transaction speeds remain slow.

Chinese molybdenum market is overall maintaining a stable trend, with weak supply and demand dynamics leading to a subdued trading atmosphere and a reduction in new orders. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, tungsten prices stabilized temporarily as the market adopted a wait-and-see approach. 

Analysis of latest tungsten market from Chinatungsten Online

In the first trading week of the Year of the Dragon, the tungsten market is in the process of resuming work and production. There is a prevailing sentiment of chasing higher prices in the tungsten raw material sector, supporting overall firmness in tungsten product prices. 

At the beginning of the week, Chinese rare earth prices continued to show a downward trend, with the prices of praseodymium-neodymium oxide, gadolinium oxide, and neodymium iron boron scrap (terbium) falling below the thresholds of 380,000 yuan per ton, 170,000 yuan per ton, and 5,500 yuan per kilogram, respectively. This is mainly due to the recent strong bearish sentiment in the market.

At the beginning of the week, the overall Chinese molybdenum market continued to maintain a slightly strong trend. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in the Chinese market shows signs of rise since the Spring Festival, with the market maintaining a resilient supply side and a cautious demand side. 

After the first week back from the Spring Festival holiday, Chinese rare earth price overall showed a pattern of stability followed by a decline.