China Commodity Marketplace
This week (22~26th March): Domestic tungsten concentrate miners and venders generally held firm on prices, while downstream APT smelters were cautious about high-price level offers – resulting in a flat market. Mainstream wolframite (65% WO3) was quoted at RMB92,000~93,000/t, scheelite (65% WO3) prices are RMB91,000~92,000/t and tungsten concentrate prices (50~55% WO3) are RMB88,000~91,000/t this week.
The domestic APT market dropped to RMB140,000~141,000/t this week under pressure of declining large producer long-term contract prices around the RMB140,000/t level. As relatively low transaction prices continued to weigh on the market, spot APT transaction prices have fallen to RMB139,000 ~ 140,000/t level.