China Commodity Market Place
The domestic tungsten market began to fall under the pressure of increasing sales last week. Some tungsten concentrate holders cut prices to facilitate sales last week, but declined to sell at extreme low prices. Mainstream wolframite (65% WO3 grade) prices dropped to RMB 94,000~96,000/t, scheelite (65% WO3 grade) prices dropped to RMB 93,000~95,000/t and tungsten concentrates at (55% WO3 grade) were RMB 91,000~93,000/t.
The domestic APT remained weak under the pressure of decreased downstream interest. Mainstream APT quotations fell slightly to RMB144,000~145,000/t, but spot transaction prices chiefly settled at RMB143,000~144,000/t, with some as low as RMB142,000/t.