China Commodity Marketplace
This week, boosted by rising long-term contract prices of large producers, the domestic tungsten market appeared positive with declining low-price level transactions. Mainstream wolframite (65% WO3) is being quoted at RMB85,000~86,000/t and scheelite (65% WO3) prices are RMB84,000~85,000/t and tungsten concentrate prices (50~55% WO3) are RMB81,000~84,000/t.
The domestic APT market remains stable today, with mainstream prices between RMB127,000 and 129,000/t. Due to long-term losses, domestic APT smelters intend to shore prices by quoting high above RMB127,000/t.