China Commodity Marketplace
Domestic tungsten concentrate holders were keen to shore up prices this week, with some making tentative high quotations. Mainstream wolframite (65% WO3) is being quoted at RMB92,000~94,000/t, scheelite (65% WO3) prices are RMB91,000~93,000/t and tungsten concentrate prices (50~55% WO3) are RMB89,000~91,000/t, all describing a slight upward trend. However, downstream buyers remain watchful, resulting in a flat market.
The domestic APT market picked up slightly with mainstream prices lifting to RMB 140,000~142,000/t. Buoyed by strong concentrate prices and anticipated supply shortages caused by environmental audits in Hunan and Jiangxi, domestic APT smelters intend to shore prices up to a minimum of RMB140,000/t for spot transactions by cash.