Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilized, and the market became increasingly festive. The overall market showed resilience against declines, but the actual trading atmosphere was subdued. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has shown an overall stable trend in the week ended on Friday, January 26, 2024. Firstly, it was boosted by a slight upward exploration in the long-term contract prices of large tungsten enterprises. 

At the beginning of the week, the overall focus of Chinese rare earth prices showed no significant changes. 

Chinese molybdenum price remained stable at the beginning of the week. Amid conflicting factors such as a low willingness of molybdenum concentrate holders to reduce prices and high pressure from downstream users such as steel companies to lower prices, the market trading atmosphere was subdued, and there were limited new orders. 

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.