China Commodity Marketplace
Domestic tungsten prices remained mostly stable with a slight decline during August. Tungsten concentrates holders reduced their quotations with downstream producers showing a tendency to decline high prices. As of end-August, mainstream wolframite concentrate (65% WO3) prices dropped to RMB110,000~112,000/t, scheelite concentrate (65% WO3) prices at RMB109,000~111,000/t, and tungsten concentrate (50~55% WO3) prices at RMB107,000~109,000/t.
Reduced concentrate prices together with lower long-term contract prices for large producers bore down on the domestic APT market in August. As of end-August, mainstream APT quotations fell to RMB165,000~166,000/t with transactions being settled at RMB165,000/t on the spot market.