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. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price is showing a stable and robust trend, with a predominant willingness to support and explore price increases on the raw material side. 

Chinese rare earth market continues to maintain a sideways trend. With weak supply and demand, the consensus between buyers and sellers is low. As a result, market activity is not high, and product prices are difficult to rise or fall.

The Chinese molybdenum market is generally stable, with product prices mainly influenced by supply and demand dynamics. With suppliers not in a hurry to sell and buyers maintaining basic demand consumption, the market activity is moderate, and molybdenum product prices have shown no significant changes.

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.