China Commodity Marketplace
Domestic tungsten concentrate prices held firm this week. Wolframite (65% WO3 grade) mainstream quotations were at RMB82,000~83,000/standard t; scheelite (65% WO3 grade) at RMB81,000~82,000/standard t and tungsten concentrates (50~55% WO3 grade) at RMB78,000~81,000/standard t. Downstream APT smelters face increasing difficulties in restocking given shortening supply.
The domestic APT market rebounded slightly this week, with mainstream quotations at RMB124,000~125,000/t. APT smelters were anxious to change a current situation of long-term losses and intended to prop prices on shortening supply. Floor prices for spot APT transactions have climbed to RMB124,000/t with some approaching 125,000/t by cash this week.