The Tungsten Market Stabilizes in the First Trading Week of the Year of the Dragon

ferro molybdenum image

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. 

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Chinese Rare Earth Prices - February 26, 2024

dysprosium oxide image

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.

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Molybdenum Oxide Price – February 26, 2024

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

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The Tungsten Price in the Chinese Market Shows Signs of Rise in Late February 2024

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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. 

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Chinese Rare Earth Price - February 23, 2024

ammonium molybdate image

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

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Chinese Molybdenum Orice - February 23, 2024

ammonium molybdate image

After the first week following the holiday, Chinese molybdenum price overall presented a pattern of stability followed by an increase. This is mainly attributed to the high bullish sentiment among molybdenum mining companies, the concentrated procurement of ferro molybdenum by steel companies, and the fluctuation in international molybdenum prices. 

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Zhangyuan Tungsten Raised Long-term Contract Prices for February 2024

tungsten acid image

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market show stability with slight upward exploration. Firstly, this is based on the relatively favorable new round of long-term contract prices from large tungsten enterprises. 

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China’s Xiamen Tungsten Increased APT Bid Price for February 2024

gold plated tungsten wire image

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stable on February 20, 2024. On one hand, this is due to the lingering holiday atmosphere, with industry enterprises not yet fully resuming operations. 

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Praseodymium Oxide Prices - February 21, 2024

praseodymium oxide image

The overall operation of the domestic rare earth market is relatively weak, mainly manifested in the subdued market sentiment, continued decline in mainstream product prices, and fewer new orders. Today, the prices of praseodymium oxide, neodymium oxide, and terbium oxide have decreased by about 8,000 yuan/ton, 6,000 yuan/ton, and 50 yuan/kg, respectively.

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Ammonium Molybdate Prices - February 21, 2024

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Chinese molybdenum market operates good on February 21, 2024, with sellers holding a significant advantage in the market amid the interweaving of bullish and bearish factors, mainly reflected in the upward trend of many molybdenum product prices and reasonable transaction volumes. 

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