China Commodity Marketplace
Domestic tungsten concentrates prices continued to rise this week, seeing mainstream quotations exceeding RMB11,000/t. Mainstream domestic concentrate quotations increased to RMB10,900/t ~11,100/t (65% WO3). Downstream APT smelters were cautious with high-level quotations, resulting in few transactions.
Mainstream APT quotations increased to RMB164,000~167,000/t. Jiangxi Xianglu raised its long-term contract prices to RMB164,000/t. In the wake of rising concentrate prices, domestic APT smelters continued to hold firm on prices, lifting minimum transaction prices to RMB165,000/t for spot sales by cash payments.