China Commodity Marketplace
Domestic tungsten prices have been on rise this week, with mainstream wolframite concentrate (65% WO3) prices being quoted at RMB 113,000~115,000/t, sheelite concentrate (65% WO3) at RMB 112,000~114,000/t and tungsten concentrate (55% WO3) at RMB 110,000~112,000/t. Downstream buyers remain cautious about high-level quotes but concentrate vendors’ strong will to shore up prices in conjunction with tighter spot supply has gradually pushed up transaction prices.
The price of mainstream domestic APT lifted to RMB 173,000~175,000/t following increased raw material prices. Domestic APT smelters have been keen to prop prices at RMB 173,000~174,000/t by cash on the spot market this week.