China Commodity Marketplace
The domestic tungsten concentrate market has stagnated. With relatively balanced supply and demand, industry commentators forecast a steady market next week before the New Year holiday. At present, wolframite (65% grade) mainstream quotations are holding steady at RMB 88,000~89,000/standard t; scheelite (65% grade) is at RMB87,000~89,000/standard t and tungsten concentrates (50~55% grade) at RMB85,000~87,000/standard t. Downstream smelters still face difficulties in sourcing low-price supply, and with downstream demand remaining sluggish, they have no intention to restock at high prices.
The domestic APT market is stable with mainstream quotations standing between RMB136,000~138,000/t, while most transactions are being concluded at RMB135,000~136,000/t.