China Commodity Market Place
Domestic tungsten miners were unwilling to cut their sales prices this week, seeing prices stable at RMB80,000/t and transactions stalled. At present, mainstream wolframite prices are RMB80,000~82,000/t (65% WO3), scheelite prices are RMB79,000~81,000/t (65% WO3) and tungsten concentrate prices at RMB77,000~79,000/t.
The domestic APT market continues under pressure, downstream buyers remain cautious about restocking amid weak demand. Mainstream APT prices are standing at RMB122,000~123,000/t, aligning large smelters’ long-term contract prices for the 1st half of June 2020.