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.

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.

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 molybdenum prices continue to maintain overall stability, with a somewhat stagnant atmosphere in negotiations between supply and demand.