The overall China’s domestic molybdenum market continues to be strong at the beginning of February 2023. Although the price of molybdenum products has risen sharply last month, some industry players have become more worried about the market outlook, and they mainly wait and see the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market has made a steady start after the holiday of the Lunar New year. First, with the impact of the holiday, now the market resources are tight and thus suppliers continue to raise their offers. 

At the beginning of the week, China rare earth price continued to run smoothly as before the Spring Festival, mainly due to the fact that the Spring Festival holiday has just ended, and the upstream and downstream enterprises in the industrial chain have not yet fully resumed normal production and operation. 

Molybdenum market quotation in China: ferro molybdenum, ammonium molybdate, ammonium heptamolvbdate and other molybdenum raw materials prices increase after the holiday of the Lunar New Year. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market keeps stable as most market participants are on holidays with the approaching of the Lunar New Year. Market trading now is quiet and price will stabilize in the short term. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices maintain stability on January 17, 2023 mainly because the overall market transactions are quiet as the holidays approach and the logistics are suspended. 

China rare earth market maintained a stable operation on January 18, 2023. With the increasingly strong atmosphere of the Spring Festival, the logistics have been suspended one after another. 

China molybdenum price has not changed significantly on January 18, 2023 because most market participants are on the Lunar New Year holiday. 

Analysis of latest tungsten market from Chinatungsten Online

In the last trading week before the Chinese Spring Festival, the tungsten market was stable overall. The offers on the raw material side remained firm, the holiday atmosphere on the consumer side was getting stronger, and the market transactions tended to be weak. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price kept stable and firm in the week ended on Friday January 13, 2022 when most market participants remain cautious sentiment with the approaching of the Chinese Spring Festival.