China Nonferrous Metals News
The domestic tungsten market appears stable. At present, tungsten concentrate prices are holding firm and miners are reluctant to sell at low price levels. Wolfram (65% grade) mainstream quotations are at RMB 73,000~74,000/standard t; sheelite (65% grade) is at RMB 72,000~73,000/standard t and tungsten concentrates (50~55% grade) at RMB 68,000~71,000/standard t. Downstream buyers face increasing procurement difficulties and are reluctant to accept high-level quotations.
The domestic APT market remains stable, with mainstream quotations sitting at RMB 112,000~115,000/t. APT smelters are holding firm at RMB 112,000/t and have refused to sell at lower prices. Downstream buyers have yet to reach procurement targets set last week, offering at RMB 109,000/t for long term contract prices.