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. 

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.

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. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, with the overall market fundamentals continuing in a state of dual weakness since the beginning of the year.

Analysis of latest tungsten market from Chinatungsten Online

On the first day of work following the 2024 Spring Festival, the Chinese tungsten market remained relatively calm, with the overall fundamentals continuing the pre-holiday supply-demand weak balance. Various news is currently unclear, and market participants are holding a wait-and-see attitude.

Chinese rare earth market maintained sideways trading overall on February 19, 2024. Although the market saw subdued buying sentiment and relatively low trading activity, suppliers showed limited willingness to offer discounts due to the current low prices of rare earth materials. 

Chinese molybdenum price maintains stable operation overall on February 19, 2024, mainly attributed to the recent end of the Spring Festival holiday, during which market circulation has not fully recovered. 

Chinese rare earth market overall maintains a weak and stable trend as before the holiday. On the first day after the end of the Spring Festival holiday, although many suppliers have not yet entered normal operation and logistics transportation is relatively slow, some downstream users are still willing to make purchases. 

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.