China Commodity Marketplace
Domestic tungsten market remains stable at present. Despite more incentives to sell, tungsten miners are still holding firm on prices. Mainstream wolframite prices are RMB82,000~84,000/t (65% WO3), scheelite prices are RMB81,000~83,000/t (65% WO3) and tungsten concentrate prices at RMB79,000~81,000/t.
The domestic APT market appears flat, seeing mainstream APT prices sitting at RMB125,000~127,000/t. APT smelters are declining to sell at low-price levels, seeing transaction prices well above RMB125,000/t on the market. Downstream buyers remain cautious about restocking amid weak demand.