China Commodity Marketplace
Domestic tungsten concentrate prices remained stable this week, however downstream APT and carbide smelters were reluctant to take high-level quotations, resulting in sparse transactions during the week. At present, wolframite (65% WO3) mainstream quotations are stable at RMB 96,000~98,000/standard t; scheelite (65% WO3) is at RMB 95,000~97,000/standard t and tungsten concentrates (50~55% grade) at RMB 92,000~95,000/standard t. With increasing sales interest from miners and traders, transactions of tungsten concentrates at RMB 95,000/standard t are becoming more difficult.
Domestic APT prices have been flat with some minor downward adjustments this week, seeing mainstream quotations holding at RMB145,000~150,000/t. However, actual transaction prices have dawn back to RMB 145,000/t level.