China Commodity Marketplace
Domestic tungsten concentrate prices dropped slightly this week led by continued sluggish demand. At present, wolframite (65% WO3 grade) mainstream quotations are at RMB82,000~84,000/standard t; scheelite (65% grade) is at RMB81,000~83,000/standard t and tungsten concentrates (50~55% grade) at RMB 79,000~81,000/standard t.
Domestic APT prices continued under pressure, seeing mainstream quotations at RMB125,000~126,000/t. Given continuing cost pressures, APT smelters tended to hold firm above RMB125,000/t for spot sales by cash.