Chinese molybdenum market continues its stable trend from before the Spring Festival, mainly because on the first day back after the holiday, both buyers and sellers have not fully resumed normal operations.

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Chinese rare earth market is overall maintaining stable operation on February 5, 2024. With the approaching Spring Festival holiday, downstream users have essentially completed their procurement plans, and logistics operations are relatively slow. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has generally shown a stable upward trend in the week ended on Friday, February 2, 2024, with the main driving force coming from a positive sentiment in holding and anticipating a rise in tungsten raw materials. A new round of quotations from large tungsten enterprises continues to boost the confidence of market participants.

Chinese molybdenum price has shown no significant change for now, and is expected to be stable during the holiday of Chinese Spring Festival. With the approaching festive atmosphere of the Spring Festival, the operational sentiment of traders has noticeably decreased, resulting in limited new orders.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable at high levels, with major tungsten enterprises and institutions updating their quotations at the beginning of the month. 

Chinese rare earth market remains lackluster in the week ended on Friday, February 2, 2024, primarily attributed to the steadfast pricing awareness of suppliers and the low willingness of downstream users to accept goods.

Chinese molybdenum prices continue to maintain overall stability, with a somewhat stagnant atmosphere in negotiations between supply and demand. 

Analysis of latest tungsten market from Chinatungsten Online

In January 2024, the Chinese tungsten market achieved a good start, mainly due to suppliers on the tungsten raw material side showing a willingness to support and explore price increases before the Chinese New Year, leading to a relatively tight market resource supply around the festival.