China Commodity Marketplace
Domestic tungsten prices have been in decline recently, and downstream buyers are cautious about restocking, despite several tungsten concentrate vendors move to cutting quotations. The market is sluggish today, seeing mainstream wolframite concentrate (65% WO3) prices falling to RMB 111,000~113,000/t, scheelite concentrate (65% WO30 prices at RMB 110,000~112,000/t and tungsten concentrate (55% WO3) prices at RMB 108,000~110,000/t.
The domestic APT market appears lackluster, with few transaction and long-term contract procurement prices sitting at RMB 170,000/t. In addition, the Shanghai pandemic restrictions have slowed logistics, resulting in mounting stocks of APT. Mainstream APT prices are being quoted at RMB 171,000~172,000/t and transaction prices on the spot market have dropped to RMB 170,000~171,000/t.