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. 

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. 

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. 

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.