China Commodity Marketplace
The domestic tungsten concentrate market has stagnated with few transactions as miners are reluctant to sell at low prices and are looking for a short-term rebound. At present, wolframite (65% grade) mainstream quotations are holding steady at RMB 76,000~77,000/standard t; scheelite (65% grade) is at RMB75,000~76,000/standard t and tungsten concentrates (50~55% grade) at RMB72,000~75,000/standard t. Downstream smelters still face difficulties in sourcing low-price supply, and with downstream demand remaining sluggish, they are cautious about replenishing.
The domestic APT market is stable with mainstream quotations standing between RMB117,000~119,000/t. In light of rising production costs and shrinking supply of low-cost tungsten concentrates, APT smelters are tending to hold firm on RMB117,000/t by cash on the spot market.