China Commodity Marketplace

Domestic tungsten concentrates prices have been on the decline this week, seeing mainstream wolframite concentrates (65% WO3) prices drop to RMB12,000~12,100/t, scheelite concentrates (65% WO3) prices down to RMB 119,000~120,000/t and tungsten concentrate prices (50~55% WO3) prices at RMB 116,000~119,000/t.

Mainstream APT prices trended down slightly to RMB 180,000~182,000/t this week. Backed by raw material prices, low price level APT transactions were sparse and cautious APT smelters held firm at the RMB 180,000~181,000/t level. Domestic tungsten powder prices were relatively stable this week, but new orders were few led by sluggish demand from downstream cemented carbide producers. Mainstream tungsten concentrates prices (medium grain) slid slightly to RMB 273~275/kg and that of tungsten carbide powder fell to RMB 269~271/kg this week.

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