China Commodity Marketplace
Domestic tungsten concentrate producers/traders held firm on prices this week, in view of limited supply on few mining activities before the Chinese New Year as well as already low level prices. At present, wolframite (65% grade) mainstream quotations are at RMB88,000~90,000/standard t; scheelite (65% grade) is at RMB87,000~89,000/standard t and tungsten concentrates (50~55% grade) at RMB 85,000~87,000/standard t, all holding stable from last week.
The domestic APT market has been steady, seeing mainstream quotations climbing to RMB136,000~138,000/t. However, with the downstream demand remaining weak, high price level transaction were few this week.